EverSource Wealth Advisors LLC Lowers Stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

EverSource Wealth Advisors LLC cut its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 20.4% during the fourth quarter, HoldingsChannel reports. The firm owned 8,423 shares of the company’s stock after selling 2,156 shares during the period. EverSource Wealth Advisors LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $217,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in DBMF. Verum Partners LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 2.6% in the 4th quarter. Verum Partners LLC now owns 22,906 shares of the company’s stock worth $590,000 after buying an additional 577 shares during the period. CreativeOne Wealth LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 4.4% during the 4th quarter. CreativeOne Wealth LLC now owns 14,409 shares of the company’s stock worth $371,000 after acquiring an additional 607 shares in the last quarter. Sound Income Strategies LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth about $28,000. Kestra Advisory Services LLC increased its position in iMGP DBi Managed Futures Strategy ETF by 7.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 21,450 shares of the company’s stock valued at $620,000 after purchasing an additional 1,400 shares during the period. Finally, Stapp Wealth Management Pllc raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 12.2% in the 3rd quarter. Stapp Wealth Management Pllc now owns 13,622 shares of the company’s stock valued at $394,000 after purchasing an additional 1,484 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.2 %

Shares of NYSEARCA DBMF traded up $0.06 during midday trading on Friday, reaching $29.68. 188,803 shares of the company’s stock traded hands, compared to its average volume of 318,956. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 24.50 and a beta of 0.04. The stock’s 50 day simple moving average is $29.21 and its 200-day simple moving average is $27.69. iMGP DBi Managed Futures Strategy ETF has a one year low of $25.60 and a one year high of $30.21.

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.