Meridian Wealth Management LLC Sells 4,684 Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Meridian Wealth Management LLC lowered its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 16.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,226 shares of the company’s stock after selling 4,684 shares during the quarter. Meridian Wealth Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $634,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DBMF. US Bancorp DE bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth about $29,000. Farther Finance Advisors LLC grew its holdings in iMGP DBi Managed Futures Strategy ETF by 4.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,098 shares of the company’s stock worth $1,072,000 after acquiring an additional 1,472 shares during the last quarter. Smart Portfolios LLC bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth about $269,000. Advisor Resource Council bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth about $661,000. Finally, Burt Wealth Advisors bought a new stake in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth about $720,000.

iMGP DBi Managed Futures Strategy ETF Trading Down 0.8 %

Shares of NYSEARCA DBMF opened at $25.49 on Wednesday. The firm has a market capitalization of $1.33 billion, a PE ratio of 24.50 and a beta of -0.15. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $25.35 and a 1 year high of $30.63. The firm’s 50-day moving average is $26.42 and its 200-day moving average is $27.13.

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.