Arete Wealth Advisors LLC Sells 4,802 Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Arete Wealth Advisors LLC reduced its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 24.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,727 shares of the company’s stock after selling 4,802 shares during the period. Arete Wealth Advisors LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $385,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at about $39,000. Stonebridge Financial Group LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter valued at approximately $63,000. New Wave Wealth Advisors LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth approximately $67,000. Elevation Wealth Partners LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth $120,000. Finally, Raleigh Capital Management Inc. acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $174,000.

iMGP DBi Managed Futures Strategy ETF Trading Down 1.2 %

DBMF opened at $24.70 on Friday. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $24.58 and a 1-year high of $30.63. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 24.50 and a beta of -0.15. The company’s fifty day moving average price is $25.86 and its two-hundred day moving average price is $26.72.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.1789 dividend. The ex-dividend date of this dividend was Thursday, March 27th.

About iMGP DBi Managed Futures Strategy ETF

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.