Verum Partners LLC Sells 1,246 Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Verum Partners LLC trimmed its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,660 shares of the company’s stock after selling 1,246 shares during the quarter. Verum Partners LLC owned about 0.06% of iMGP DBi Managed Futures Strategy ETF worth $621,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. increased its position in iMGP DBi Managed Futures Strategy ETF by 2,402.1% during the third quarter. JPMorgan Chase & Co. now owns 7,074,260 shares of the company’s stock worth $204,446,000 after acquiring an additional 6,791,529 shares during the period. CWM LLC increased its position in iMGP DBi Managed Futures Strategy ETF by 288.2% during the fourth quarter. CWM LLC now owns 1,039,205 shares of the company’s stock worth $26,770,000 after acquiring an additional 771,522 shares during the period. Goldstein Advisors LLC increased its position in iMGP DBi Managed Futures Strategy ETF by 8.7% during the fourth quarter. Goldstein Advisors LLC now owns 880,262 shares of the company’s stock worth $22,676,000 after acquiring an additional 70,394 shares during the period. Valmark Advisers Inc. increased its position in iMGP DBi Managed Futures Strategy ETF by 2.7% during the fourth quarter. Valmark Advisers Inc. now owns 777,717 shares of the company’s stock worth $20,034,000 after acquiring an additional 20,533 shares during the period. Finally, Cardinal Point Capital Management ULC bought a new position in iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth about $12,614,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

NYSEARCA:DBMF traded down $0.10 during mid-day trading on Tuesday, reaching $30.45. 231,351 shares of the company’s stock were exchanged, compared to its average volume of 324,886. iMGP DBi Managed Futures Strategy ETF has a one year low of $25.60 and a one year high of $30.55. The firm has a market capitalization of $1.06 billion, a PE ratio of 24.50 and a beta of 0.04. The business’s fifty day simple moving average is $29.67 and its two-hundred day simple moving average is $28.15.

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.