Frontier Asset Management LLC Trims Stake in iMGP DBi Managed Futures Strategy ETF $DBMF

Frontier Asset Management LLC trimmed its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 64.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,446 shares of the company’s stock after selling 40,930 shares during the quarter. Frontier Asset Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DBMF. LFA Lugano Financial Advisors SA boosted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 50.1% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after purchasing an additional 1,013 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth about $152,000. Advisors Preferred LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth about $182,000. Able Wealth Management LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth about $211,000. Finally, Octavia Wealth Advisors LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth about $213,000.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.5%

DBMF opened at $30.69 on Friday. The stock has a 50-day moving average price of $30.49 and a 200-day moving average price of $29.55. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.09 and a 12-month high of $31.66. The stock has a market capitalization of $3.55 billion, a P/E ratio of 24.50 and a beta of -0.21.

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.