Sterneck Capital Management LLC Cuts Holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Sterneck Capital Management LLC decreased its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 3.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 41,357 shares of the company’s stock after selling 1,620 shares during the period. Sterneck Capital Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $1,082,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DBMF. CWM LLC grew its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 43.0% in the third quarter. CWM LLC now owns 2,028,633 shares of the company’s stock valued at $57,065,000 after acquiring an additional 610,397 shares in the last quarter. FMA Wealth Management LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the third quarter worth $5,922,000. OneDigital Investment Advisors LLC grew its stake in iMGP DBi Managed Futures Strategy ETF by 46.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 634,210 shares of the company’s stock valued at $17,840,000 after purchasing an additional 200,877 shares during the period. Private Advisor Group LLC grew its stake in iMGP DBi Managed Futures Strategy ETF by 126.6% in the 3rd quarter. Private Advisor Group LLC now owns 230,208 shares of the company’s stock valued at $6,476,000 after purchasing an additional 128,611 shares during the period. Finally, Innova Wealth Partners purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 4th quarter valued at $3,125,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of NYSEARCA:DBMF opened at $26.33 on Wednesday. The company has a market capitalization of $919.71 million, a P/E ratio of 24.50 and a beta of 0.04. The company’s 50-day moving average is $26.97 and its 200 day moving average is $27.91. iMGP DBi Managed Futures Strategy ETF has a fifty-two week low of $25.92 and a fifty-two week high of $30.63.

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.