Fairman Group LLC Cuts Holdings in iMGP DBi Managed Futures Strategy ETF $DBMF

Fairman Group LLC trimmed its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 13.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,079 shares of the company’s stock after selling 11,176 shares during the period. iMGP DBi Managed Futures Strategy ETF comprises 1.6% of Fairman Group LLC’s investment portfolio, making the stock its 11th biggest holding. Fairman Group LLC owned approximately 0.16% of iMGP DBi Managed Futures Strategy ETF worth $1,932,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DBMF. LPL Financial LLC raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 1,580.4% during the 1st quarter. LPL Financial LLC now owns 4,907,416 shares of the company’s stock worth $123,961,000 after buying an additional 4,615,371 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 47.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,973,666 shares of the company’s stock worth $49,855,000 after buying an additional 638,360 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 166.5% during the 1st quarter. Raymond James Financial Inc. now owns 829,680 shares of the company’s stock worth $20,958,000 after buying an additional 518,346 shares in the last quarter. CWM LLC raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 12.7% during the 1st quarter. CWM LLC now owns 2,779,372 shares of the company’s stock worth $70,207,000 after buying an additional 312,802 shares in the last quarter. Finally, Rockland Trust Co. purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth approximately $7,542,000.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.1%

Shares of DBMF stock opened at $28.01 on Wednesday. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 24.50 and a beta of -0.14. The stock has a 50 day simple moving average of $26.72 and a 200-day simple moving average of $25.87. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $24.52 and a 12-month high of $28.54.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were paid a $0.1411 dividend. This represents a $0.56 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, September 29th.

About iMGP DBi Managed Futures Strategy ETF

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.