Valmark Advisers Inc. Has $12.22 Million Position in iMGP DBi Managed Futures Strategy ETF $DBMF

Valmark Advisers Inc. reduced its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 475,069 shares of the company’s stock after selling 19,766 shares during the period. Valmark Advisers Inc. owned 1.04% of iMGP DBi Managed Futures Strategy ETF worth $12,224,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DBMF. Stonebridge Financial Group LLC boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 25.7% in the first quarter. Stonebridge Financial Group LLC now owns 3,029 shares of the company’s stock valued at $77,000 after acquiring an additional 620 shares during the period. Harbour Investments Inc. boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 2,027.9% in the first quarter. Harbour Investments Inc. now owns 8,235 shares of the company’s stock valued at $208,000 after acquiring an additional 7,848 shares during the period. Octavia Wealth Advisors LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the first quarter valued at about $211,000. Focus Financial Network Inc. bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the first quarter valued at about $213,000. Finally, Perigon Wealth Management LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the first quarter valued at about $224,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $28.16 on Wednesday. The firm has a 50-day moving average of $26.48 and a 200-day moving average of $25.78. The stock has a market cap of $1.57 billion, a PE ratio of 24.50 and a beta of -0.14. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $24.52 and a 52-week high of $28.22.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were given a $0.1411 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, September 29th.

About iMGP DBi Managed Futures Strategy ETF

The iMGP DBi Managed Futures Strategy ETF (DBMF) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund aims to emulate the performance of a group of CTA hedge funds. The funds model allocates weights to derivatives selected by the funds active managers. DBMF was launched on May 8, 2019 and is managed by iM.