iMGP DBi Managed Futures Strategy ETF $DBMF Stock Holdings Decreased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lowered its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 96.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 74,450 shares of the company’s stock after selling 1,894,849 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $2,089,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Proactive Wealth Strategies LLC increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 2.2% in the 4th quarter. Proactive Wealth Strategies LLC now owns 20,078 shares of the company’s stock worth $563,000 after purchasing an additional 432 shares during the last quarter. Cardinal Point Capital Management ULC increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 3.7% in the 4th quarter. Cardinal Point Capital Management ULC now owns 1,164,616 shares of the company’s stock worth $32,679,000 after purchasing an additional 41,605 shares during the last quarter. Atria Investments Inc increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 6.2% in the 4th quarter. Atria Investments Inc now owns 119,401 shares of the company’s stock worth $3,350,000 after purchasing an additional 6,938 shares during the last quarter. Englebert Financial Advisers LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth about $694,000. Finally, Meridian Wealth Management LLC increased its position in shares of iMGP DBi Managed Futures Strategy ETF by 43.0% in the 4th quarter. Meridian Wealth Management LLC now owns 13,477 shares of the company’s stock worth $378,000 after purchasing an additional 4,051 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

DBMF opened at $31.17 on Wednesday. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.18 and a 1-year high of $31.66. The company has a 50-day moving average of $30.55 and a 200-day moving average of $29.80. The company has a market capitalization of $3.61 billion, a P/E ratio of 24.50 and a beta of -0.21.

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.