Valmark Advisers Inc. Reduces Stock Position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Valmark Advisers Inc. cut its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 9.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 506,268 shares of the company’s stock after selling 50,609 shares during the quarter. Valmark Advisers Inc.’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $13,244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. US Bancorp DE acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth approximately $29,000. Concourse Financial Group Securities Inc. acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth approximately $42,000. Stonebridge Financial Group LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth approximately $63,000. New Wave Wealth Advisors LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth approximately $67,000. Finally, Elevation Wealth Partners LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth approximately $120,000.

iMGP DBi Managed Futures Strategy ETF Trading Down 1.0 %

Shares of DBMF opened at $26.43 on Friday. The firm has a market cap of $923.20 million, a price-to-earnings ratio of 24.50 and a beta of 0.04. The stock has a 50 day moving average of $26.65 and a 200-day moving average of $27.26. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.98 and a 52 week high of $30.63.

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.