Avestar Capital LLC Has $4.48 Million Stock Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Avestar Capital LLC cut its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 2.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 171,065 shares of the company’s stock after selling 4,566 shares during the quarter. Avestar Capital LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $4,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Litman Gregory Wealth Management LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 50.6% in 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 acquiring an additional 498,845 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth $6,147,000. OneDigital Investment Advisors LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 46.4% in the third quarter. OneDigital Investment Advisors LLC now owns 634,210 shares of the company’s stock valued at $17,840,000 after purchasing an additional 200,877 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 126.6% during the third quarter. Private Advisor Group LLC now owns 230,208 shares of the company’s stock valued at $6,476,000 after purchasing an additional 128,611 shares during the period. Finally, Innova Wealth Partners bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth about $3,125,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of DBMF opened at $26.78 on Thursday. iMGP DBi Managed Futures Strategy ETF has a one year low of $25.98 and a one year high of $30.63. The company has a market cap of $935.43 million, a PE ratio of 24.50 and a beta of 0.04. The stock has a 50-day moving average of $26.69 and a 200-day moving average of $27.30.

iMGP DBi Managed Futures Strategy ETF 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.