Avestar Capital LLC Sells 7,389 Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Avestar Capital LLC trimmed its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 175,631 shares of the company’s stock after selling 7,389 shares during the quarter. Avestar Capital LLC owned approximately 0.50% of iMGP DBi Managed Futures Strategy ETF worth $4,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth $29,000. Concourse Financial Group Securities Inc. bought a new position in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter worth about $42,000. Matrix Trust Co purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter valued at about $111,000. Hobbs Group Advisors LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 2nd quarter valued at approximately $180,000. Finally, HBW Advisory Services LLC purchased a new stake in iMGP DBi Managed Futures Strategy ETF in the 2nd quarter worth approximately $182,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

DBMF opened at $27.13 on Tuesday. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.60 and a 1-year high of $30.63. The company has a 50 day simple moving average of $27.51 and a two-hundred day simple moving average of $28.50. The firm has a market cap of $947.65 million, a P/E ratio of 24.50 and a beta of 0.04.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were given a dividend of $0.2507 per share. The ex-dividend date of this dividend was Friday, September 27th.

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.