Canal Capital Management LLC Sells 22,410 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Canal Capital Management LLC lessened its holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 28.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,826 shares of the company’s stock after selling 22,410 shares during the period. Canal Capital Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $1,683,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DBMF. Trademark Financial Management LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 1st quarter valued at approximately $741,000. Able Wealth Management LLC lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 8.5% during the 1st quarter. Able Wealth Management LLC now owns 8,147 shares of the company’s stock worth $246,000 after buying an additional 641 shares during the period. Fairman Group LLC lifted its position in shares of iMGP DBi Managed Futures Strategy ETF by 14.6% during the 1st quarter. Fairman Group LLC now owns 102,256 shares of the company’s stock worth $3,083,000 after buying an additional 13,051 shares during the period. Ferguson Shapiro LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 1st quarter worth approximately $308,000. Finally, Lighthouse Wealth Management Inc. boosted its stake in iMGP DBi Managed Futures Strategy ETF by 78.0% in the 1st quarter. Lighthouse Wealth Management Inc. now owns 22,524 shares of the company’s stock valued at $679,000 after buying an additional 9,868 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA:DBMF opened at $30.33 on Friday. The business’s fifty day moving average price is $30.85 and its two-hundred day moving average price is $30.21. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $25.34 and a fifty-two week high of $31.66. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20.

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.