Northwestern Mutual Wealth Management Co. Trims Stake in iMGP DBi Managed Futures Strategy ETF $DBMF

Northwestern Mutual Wealth Management Co. reduced its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,896,185 shares of the company’s stock after selling 77,481 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $48,789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DBMF. Inspire Advisors LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth approximately $207,000. Harbour Investments Inc. boosted its position in shares of iMGP DBi Managed Futures Strategy ETF by 2,027.9% during the first quarter. Harbour Investments Inc. now owns 8,235 shares of the company’s stock valued at $208,000 after purchasing an additional 7,848 shares in the last quarter. West Michigan Advisors LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the first quarter valued at approximately $227,000. Focus Financial Network Inc. grew its stake in iMGP DBi Managed Futures Strategy ETF by 12.2% in the second quarter. Focus Financial Network Inc. now owns 9,440 shares of the company’s stock worth $243,000 after purchasing an additional 1,023 shares during the period. Finally, Advyzon Investment Management LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 11.5% in the first quarter. Advyzon Investment Management LLC now owns 10,539 shares of the company’s stock worth $266,000 after purchasing an additional 1,088 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.1%

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $28.91 on Friday. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $24.52 and a 12 month high of $28.94. The firm has a market capitalization of $1.92 billion, a P/E ratio of 24.50 and a beta of -0.20. The business has a fifty day simple moving average of $28.18 and a two-hundred day simple moving average of $26.65.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were given a dividend of $0.1411 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, September 29th.

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.