iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Shares Sold by Mariner LLC

Mariner LLC lowered its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 84.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,724 shares of the company’s stock after selling 43,255 shares during the quarter. Mariner LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $202,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Savvy Advisors Inc. purchased a new position in iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at about $881,000. Raymond James Financial Inc. purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at approximately $8,144,000. Cerity Partners LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at approximately $836,000. Perennial Investment Advisors LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth approximately $354,000. Finally, Wells Fargo & Company MN bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter worth $17,794,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA DBMF opened at $25.29 on Thursday. The company has a market capitalization of $1.14 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 $24.52 and a 12 month high of $30.63. The company’s fifty day moving average price is $25.21 and its two-hundred day moving average price is $26.25.

iMGP DBi Managed Futures Strategy ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.1789 per share. 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.