Advisory Services Network LLC Decreases Holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Advisory Services Network LLC decreased its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 45.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,191 shares of the company’s stock after selling 14,143 shares during the period. Advisory Services Network LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $450,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in iMGP DBi Managed Futures Strategy ETF by 1,438.0% in the fourth quarter. JPMorgan Chase & Co. now owns 5,669,140 shares of the company’s stock valued at $148,305,000 after purchasing an additional 5,300,530 shares during the last quarter. Naviter Wealth LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 10.3% in the fourth quarter. Naviter Wealth LLC now owns 1,857,242 shares of the company’s stock worth $48,585,000 after buying an additional 172,742 shares during the period. Litman Gregory Wealth Management LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 50.6% during the 4th quarter. Litman Gregory Wealth Management LLC now owns 1,484,932 shares of the company’s stock valued at $38,846,000 after buying an additional 498,845 shares during the last quarter. Parcion Private Wealth LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $31,817,000. Finally, Cardinal Point Capital Management ULC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 2.4% in the 4th quarter. Cardinal Point Capital Management ULC now owns 1,063,256 shares of the company’s stock worth $27,815,000 after acquiring an additional 25,421 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.4 %

Shares of NYSEARCA:DBMF opened at $25.15 on Thursday. The company has a 50-day moving average price of $25.56 and a 200-day moving average price of $26.51. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 24.50 and a beta of -0.15. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $24.52 and a 12 month high of $30.63.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.1789 dividend. The ex-dividend date of this dividend was Thursday, March 27th.

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.