Envestnet Asset Management Inc. Sells 649,485 Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Envestnet Asset Management Inc. lowered its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 33.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,315,292 shares of the company’s stock after selling 649,485 shares during the period. Envestnet Asset Management Inc.’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $34,408,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 1,438.0% during the 4th quarter. JPMorgan Chase & Co. now owns 5,669,140 shares of the company’s stock worth $148,305,000 after purchasing an additional 5,300,530 shares in the last quarter. Naviter Wealth LLC lifted its holdings 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 in the last quarter. Litman Gregory Wealth Management LLC boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 50.6% in the fourth 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 during the period. Parcion Private Wealth LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $31,817,000. Finally, Cardinal Point Capital Management ULC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 2.4% during 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 period.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA:DBMF opened at $25.05 on Friday. The firm has a fifty day moving average price of $25.64 and a two-hundred day moving average price of $26.56. 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 one year low of $24.52 and a one year high of $30.63.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1789 per share. The ex-dividend date of this dividend was Thursday, March 27th.

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.