Litman Gregory Wealth Management LLC Sells 12,750 Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Litman Gregory Wealth Management LLC lowered its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 787,619 shares of the company’s stock after selling 12,750 shares during the quarter. iMGP DBi Managed Futures Strategy ETF comprises approximately 1.9% of Litman Gregory Wealth Management LLC’s portfolio, making the stock its 13th largest holding. Litman Gregory Wealth Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $20,289,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in iMGP DBi Managed Futures Strategy ETF by 2,402.1% in the third quarter. JPMorgan Chase & Co. now owns 7,074,260 shares of the company’s stock valued at $204,446,000 after acquiring an additional 6,791,529 shares during the last quarter. LPL Financial LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 217.0% in the third quarter. LPL Financial LLC now owns 1,039,828 shares of the company’s stock valued at $30,051,000 after acquiring an additional 711,763 shares during the last quarter. Cardinal Point Capital Management ULC bought a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at $12,614,000. Raymond James Financial Services Advisors Inc. increased its stake in iMGP DBi Managed Futures Strategy ETF by 1,011.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 235,783 shares of the company’s stock valued at $6,074,000 after acquiring an additional 214,561 shares during the last quarter. Finally, Miracle Mile Advisors LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 9.0% in the third quarter. Miracle Mile Advisors LLC now owns 2,425,513 shares of the company’s stock valued at $70,097,000 after acquiring an additional 199,830 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

DBMF traded up $0.04 during trading on Friday, reaching $29.26. The stock had a trading volume of 188,735 shares, compared to its average volume of 323,120. The stock has a market cap of $977.28 million, a PE ratio of 24.50 and a beta of -0.14. iMGP DBi Managed Futures Strategy ETF has a one year low of $25.60 and a one year high of $29.78. The business has a 50-day moving average of $28.04 and a 200-day moving average of $27.54.

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.