Innova Wealth Partners Cuts Stake in iMGP DBi Managed Futures Strategy ETF $DBMF

Innova Wealth Partners reduced its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 92.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,574 shares of the company’s stock after selling 394,989 shares during the quarter. Innova Wealth Partners’ holdings in iMGP DBi Managed Futures Strategy ETF were worth $1,012,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DBMF. MBM Wealth Consultants LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the first quarter valued at approximately $30,000. Capital Advisors Ltd. LLC bought a new position in iMGP DBi Managed Futures Strategy ETF in the first quarter worth approximately $34,000. MidAtlantic Capital Management Inc. purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $48,000. LFA Lugano Financial Advisors SA lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 50.1% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after buying an additional 1,013 shares during the period. Finally, Lloyd Advisory Services LLC. bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $87,000.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.3%

Shares of NYSEARCA:DBMF opened at $30.52 on Thursday. The company has a market capitalization of $3.93 billion, a PE ratio of 24.50 and a beta of -0.20. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.34 and a 12-month high of $31.66. The business’s fifty day simple moving average is $30.85 and its 200-day simple moving average is $30.20.

iMGP DBi Managed Futures Strategy ETF Company Profile

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.