Trilogy Capital Inc. Cuts Holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Trilogy Capital Inc. trimmed its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 54.0% during the first quarter, Holdings Channel reports. The fund owned 15,398 shares of the company’s stock after selling 18,111 shares during the period. Trilogy Capital Inc.’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted 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. CWM LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 288.2% in the fourth quarter. CWM LLC now owns 1,039,205 shares of the company’s stock valued at $26,770,000 after purchasing an additional 771,522 shares in the last quarter. Goldstein Advisors LLC boosted its stake in iMGP DBi Managed Futures Strategy ETF by 8.7% in the 4th quarter. Goldstein Advisors LLC now owns 880,262 shares of the company’s stock worth $22,676,000 after purchasing an additional 70,394 shares during the period. Valmark Advisers Inc. increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 2.7% during the fourth quarter. Valmark Advisers Inc. now owns 777,717 shares of the company’s stock valued at $20,034,000 after buying an additional 20,533 shares during the period. Finally, Cardinal Point Capital Management ULC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth about $12,614,000.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.3 %

NYSEARCA:DBMF traded up $0.10 during mid-day trading on Friday, hitting $30.06. 691,357 shares of the stock traded hands, compared to its average volume of 320,759. The business’s 50-day moving average price is $29.62 and its 200 day moving average price is $28.09. The company has a market cap of $1.05 billion, a PE ratio of 24.50 and a beta of 0.04. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.60 and a 12-month high of $30.21.

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.