JPMorgan Chase & Co. Sells 243,012 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

JPMorgan Chase & Co. lessened its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 97.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,267 shares of the company’s stock after selling 243,012 shares during the quarter. JPMorgan Chase & Co.’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $144,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Advyzon Investment Management LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 3.8% in the 3rd quarter. Advyzon Investment Management LLC now owns 11,415 shares of the company’s stock worth $312,000 after purchasing an additional 421 shares during the period. Focus Financial Network Inc. raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 7.2% in the 3rd quarter. Focus Financial Network Inc. now owns 10,115 shares of the company’s stock worth $276,000 after purchasing an additional 675 shares during the period. Howard Bailey Securities LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 1.9% in the 3rd quarter. Howard Bailey Securities LLC now owns 53,382 shares of the company’s stock worth $1,458,000 after purchasing an additional 999 shares during the period. IFG Advisory LLC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 2.0% in the 3rd quarter. IFG Advisory LLC now owns 63,639 shares of the company’s stock worth $1,738,000 after purchasing an additional 1,243 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 4.0% in the 2nd quarter. Bank of America Corp DE now owns 33,263 shares of the company’s stock worth $856,000 after purchasing an additional 1,277 shares during the period.

iMGP DBi Managed Futures Strategy ETF Trading Down 1.5%

NYSEARCA:DBMF opened at $29.97 on Friday. The stock has a market capitalization of $3.43 billion, a PE ratio of 24.50 and a beta of -0.22. The firm’s 50 day moving average is $30.50 and its 200 day moving average is $29.32. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.00 and a 12 month high of $31.66.

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.