iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 55.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 592,474 shares of the company’s stock after selling 722,818 shares during the quarter. Envestnet Asset Management Inc. owned about 1.32% of iMGP DBi Managed Futures Strategy ETF worth $14,966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Transce3nd LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at approximately $49,000. Stonebridge Financial Group LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 25.7% in the first quarter. Stonebridge Financial Group LLC now owns 3,029 shares of the company’s stock valued at $77,000 after purchasing an additional 620 shares in the last quarter. Comerica Bank lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 140.4% in the fourth quarter. Comerica Bank now owns 3,674 shares of the company’s stock valued at $96,000 after purchasing an additional 2,146 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth $209,000. Finally, Octavia Wealth Advisors LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the first quarter worth $211,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA DBMF opened at $25.78 on Friday. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $24.52 and a fifty-two week high of $29.85. The stock’s 50-day moving average is $25.51 and its two-hundred day moving average is $25.68. The firm has a market cap of $1.18 billion, a P/E ratio of 24.50 and a beta of -0.14.

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.