Innova Wealth Partners Sells 394,989 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Innova Wealth Partners decreased its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 92.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,574 shares of the company’s stock after selling 394,989 shares during the period. Innova Wealth Partners’ holdings in iMGP DBi Managed Futures Strategy ETF were worth $1,012,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Midwest Financial Group LLC boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF by 0.4% during the first quarter. Midwest Financial Group LLC now owns 80,922 shares of the company’s stock valued at $2,440,000 after purchasing an additional 344 shares during the period. Proactive Wealth Strategies LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 2.2% during the 4th quarter. Proactive Wealth Strategies LLC now owns 20,078 shares of the company’s stock valued at $563,000 after buying an additional 432 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 5.1% during the 4th quarter. Orion Porfolio Solutions LLC now owns 19,083 shares of the company’s stock valued at $535,000 after buying an additional 932 shares in the last quarter. MBM Wealth Consultants LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the 1st quarter valued at about $30,000. Finally, LFA Lugano Financial Advisors SA boosted its position in iMGP DBi Managed Futures Strategy ETF by 50.1% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock valued at $85,000 after buying an additional 1,013 shares during the period.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of DBMF stock opened at $30.52 on Thursday. The company has a market capitalization of $3.93 billion, a P/E ratio of 24.50 and a beta of -0.20. The company’s 50-day simple moving average is $30.85 and its two-hundred day simple moving average is $30.20. iMGP DBi Managed Futures Strategy ETF has a one year low of $25.34 and a one year high of $31.66.

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.