iMGP DBi Managed Futures Strategy ETF $DBMF Shares Sold by AmeriServ Wealth Advisors

AmeriServ Wealth Advisors cut its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 41.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,834 shares of the company’s stock after selling 32,646 shares during the period. iMGP DBi Managed Futures Strategy ETF comprises about 0.8% of AmeriServ Wealth Advisors’ holdings, making the stock its 15th largest position. AmeriServ Wealth Advisors owned about 0.06% of iMGP DBi Managed Futures Strategy ETF worth $1,314,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DBMF. Raymond James Financial Inc. lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% in the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock valued at $33,078,000 after purchasing an additional 455,884 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 107.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 870,474 shares of the company’s stock worth $24,425,000 after purchasing an additional 450,006 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $12,263,000. Innova Wealth Partners raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 1,178.7% during the 4th quarter. Innova Wealth Partners now owns 428,563 shares of the company’s stock worth $12,025,000 after purchasing an additional 395,047 shares during the last quarter. Finally, Tidal Investments LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 107.3% during the 3rd quarter. Tidal Investments LLC now owns 703,075 shares of the company’s stock worth $19,201,000 after purchasing an additional 363,998 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

DBMF stock opened at $31.41 on Wednesday. The stock’s 50 day moving average price is $30.58 and its 200 day moving average price is $29.88. The firm has a market cap of $3.64 billion, a P/E ratio of 24.50 and a beta of -0.21. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $25.26 and a 1 year high of $31.66.

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.