iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Shares Sold by Avestar Capital LLC

Avestar Capital LLC cut its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 4.0% during the third quarter, HoldingsChannel.com reports. The firm owned 175,631 shares of the company’s stock after selling 7,389 shares during the period. Avestar Capital LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $4,940,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DBMF. Jaffetilchin Investment Partners LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 1st quarter valued at about $228,000. Austin Wealth Management LLC raised its position in shares of iMGP DBi Managed Futures Strategy ETF by 16.6% in the 1st quarter. Austin Wealth Management LLC now owns 225,227 shares of the company’s stock valued at $6,687,000 after purchasing an additional 32,132 shares during the last quarter. Cetera Investment Advisers boosted its stake in iMGP DBi Managed Futures Strategy ETF by 211.7% in the 1st quarter. Cetera Investment Advisers now owns 152,623 shares of the company’s stock worth $4,377,000 after purchasing an additional 103,652 shares in the last quarter. Cetera Advisors LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 117.9% in the 1st quarter. Cetera Advisors LLC now owns 20,370 shares of the company’s stock worth $584,000 after purchasing an additional 11,023 shares in the last quarter. Finally, HBW Advisory Services LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter valued at approximately $182,000.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.4 %

NYSEARCA DBMF opened at $27.13 on Tuesday. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.60 and a 12-month high of $30.63. The company has a fifty day simple moving average of $27.51 and a two-hundred day simple moving average of $28.50. The stock has a market cap of $947.65 million, a P/E ratio of 24.50 and a beta of 0.04.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were paid a dividend of $0.2507 per share. The ex-dividend date was Friday, September 27th.

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.