iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Stock Position Reduced by Meridian Wealth Management LLC

Meridian Wealth Management LLC cut its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 16.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,226 shares of the company’s stock after selling 4,684 shares during the period. Meridian Wealth Management LLC owned about 0.07% of iMGP DBi Managed Futures Strategy ETF worth $634,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DBMF. A&I Financial Services LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth approximately $4,367,000. Proficio Capital Partners LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth approximately $2,926,000. Oppenheimer & Co. Inc. grew its position in iMGP DBi Managed Futures Strategy ETF by 8.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 18,855 shares of the company’s stock worth $493,000 after acquiring an additional 1,529 shares in the last quarter. MKD Wealth Coaches LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth approximately $2,337,000. Finally, Nwam LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 2.6% in the fourth quarter. Nwam LLC now owns 28,123 shares of the company’s stock worth $736,000 after acquiring an additional 707 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Down 0.8 %

DBMF stock opened at $25.49 on Wednesday. The firm has a 50 day moving average of $26.42 and a two-hundred day moving average of $27.13. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 24.50 and a beta of -0.15. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.35 and a 12 month high of $30.63.

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.