Frontier Asset Management LLC cut its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF – Free Report) by 64.6% in the 4th quarter, HoldingsChannel reports. The fund owned 22,446 shares of the company’s stock after selling 40,930 shares during the quarter. Frontier Asset Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $630,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 50.1% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock valued at $85,000 after acquiring an additional 1,013 shares during the period. Advisory Services Network LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter valued at about $152,000. Advisors Preferred LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at about $182,000. Able Wealth Management LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at about $211,000. Finally, Octavia Wealth Advisors LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at about $213,000.
iMGP DBi Managed Futures Strategy ETF Price Performance
Shares of DBMF stock opened at $30.69 on Friday. The stock has a market capitalization of $3.55 billion, a PE ratio of 24.50 and a beta of -0.21. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.09 and a 1-year high of $31.66. The business has a 50-day moving average of $30.49 and a 200 day moving average of $29.55.
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.
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