Sterneck Capital Management LLC Purchases 733 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Sterneck Capital Management LLC grew its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,052 shares of the company’s stock after buying an additional 733 shares during the period. Sterneck Capital Management LLC owned approximately 0.10% of iMGP DBi Managed Futures Strategy ETF worth $1,133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. ORG Wealth Partners LLC increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 7.1% during the 2nd quarter. ORG Wealth Partners LLC now owns 27,880 shares of the company’s stock worth $718,000 after purchasing an additional 1,850 shares during the last quarter. ORG Partners LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 7.0% during the 2nd quarter. ORG Partners LLC now owns 14,785 shares of the company’s stock worth $381,000 after buying an additional 968 shares in the last quarter. Castleview Partners LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 225.8% during the 2nd quarter. Castleview Partners LLC now owns 49,055 shares of the company’s stock worth $1,262,000 after buying an additional 34,000 shares in the last quarter. Fortitude Family Office LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 9.2% during the 2nd quarter. Fortitude Family Office LLC now owns 339,371 shares of the company’s stock worth $8,732,000 after buying an additional 28,486 shares in the last quarter. Finally, A&I Financial Services LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 2.5% in the 2nd quarter. A&I Financial Services LLC now owns 222,129 shares of the company’s stock worth $5,715,000 after purchasing an additional 5,384 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.2%

Shares of DBMF opened at $27.31 on Friday. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $24.52 and a 12-month high of $28.28. The business has a 50-day simple moving average of $26.24 and a two-hundred day simple moving average of $25.67. The stock has a market cap of $1.25 billion, a PE ratio of 24.50 and a beta of -0.14.

iMGP DBi Managed Futures Strategy ETF Company 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.