Worth Asset Management LLC lowered its position in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Free Report) by 47.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 49,825 shares of the company’s stock after selling 44,662 shares during the period. Worth Asset Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $1,525,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. MBM Wealth Consultants LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 1st quarter valued at $30,000. Capital Advisors Ltd. LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 1st quarter valued at $34,000. MidAtlantic Capital Management Inc. bought a new position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth $48,000. LFA Lugano Financial Advisors SA boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 50.1% in the 4th 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 position in iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth $87,000.
iMGP DBi Managed Futures Strategy ETF Stock Performance
Shares of DBMF stock opened at $30.93 on Friday. The stock has a fifty day simple moving average of $30.86 and a two-hundred day simple moving average of $30.59. The firm has a market capitalization of $4.13 billion, a PE ratio of 24.50 and a beta of -0.20. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $25.67 and a 52-week high of $31.66.
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.
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