Worth Asset Management LLC Sells 19,549 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Worth Asset Management LLC lessened its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 17.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,487 shares of the company’s stock after selling 19,549 shares during the period. iMGP DBi Managed Futures Strategy ETF accounts for 1.1% of Worth Asset Management LLC’s holdings, making the stock its 16th biggest holding. Worth Asset Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $2,849,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DBMF. JPMorgan Chase & Co. increased its holdings in iMGP DBi Managed Futures Strategy ETF by 139,913.0% in the fourth quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock valued at $206,928,000 after purchasing an additional 7,369,216 shares during the period. TIAA Trust National Association bought a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth $87,820,000. Royal Bank of Canada lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 240.8% during the 4th quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock worth $21,325,000 after buying an additional 537,000 shares during the period. Raymond James Financial Inc. lifted its holdings in iMGP DBi Managed Futures Strategy ETF by 54.9% during the 2nd quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock worth $33,078,000 after buying an additional 455,884 shares during the period. Finally, Axxcess Wealth Management LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 107.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 870,474 shares of the company’s stock valued at $24,425,000 after buying an additional 450,006 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.1%

Shares of DBMF stock opened at $30.96 on Tuesday. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 24.50 and a beta of -0.21. The stock has a 50-day moving average of $30.82 and a 200-day moving average of $30.12. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.34 and a 1-year high of $31.66.

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.