iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Shares Sold by Fortress Wealth Group LLC

Fortress Wealth Group LLC lowered its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 202,252 shares of the company’s stock after selling 6,571 shares during the quarter. iMGP DBi Managed Futures Strategy ETF makes up about 3.5% of Fortress Wealth Group LLC’s investment portfolio, making the stock its 10th largest holding. Fortress Wealth Group LLC owned 0.79% of iMGP DBi Managed Futures Strategy ETF worth $5,598,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Sterneck Capital Management LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 1.8% in the second quarter. Sterneck Capital Management LLC now owns 46,115 shares of the company’s stock valued at $1,274,000 after acquiring an additional 834 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 2.2% in the second quarter. Perigon Wealth Management LLC now owns 42,297 shares of the company’s stock valued at $1,169,000 after acquiring an additional 914 shares during the last quarter. Column Capital Advisors LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the first quarter valued at $25,000. Janney Montgomery Scott LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 17.5% in the first quarter. Janney Montgomery Scott LLC now owns 9,400 shares of the company’s stock valued at $247,000 after acquiring an additional 1,400 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in iMGP DBi Managed Futures Strategy ETF by 12.9% in the second quarter. National Bank of Canada FI now owns 16,209 shares of the company’s stock valued at $417,000 after acquiring an additional 1,854 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

DBMF stock traded up $0.19 during trading hours on Wednesday, reaching $27.78. The stock had a trading volume of 38,844 shares, compared to its average volume of 361,930. The stock has a 50-day simple moving average of $28.50 and a 200 day simple moving average of $27.70. The stock has a market capitalization of $708.95 million, a PE ratio of 24.50 and a beta of -0.14. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $25.63 and a fifty-two week high of $32.16.

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.