iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) Shares Sold by Meridian Wealth Management LLC

Meridian Wealth Management LLC lowered its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 8.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 28,910 shares of the company’s stock after selling 2,780 shares during the quarter. Meridian Wealth Management LLC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $813,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DBMF. Sterneck Capital Management LLC grew its position in shares of iMGP DBi Managed Futures Strategy ETF by 0.8% in the second quarter. Sterneck Capital Management LLC now owns 47,787 shares of the company’s stock valued at $1,436,000 after purchasing an additional 367 shares during the period. Strategic Blueprint LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 2.3% in the 3rd quarter. Strategic Blueprint LLC now owns 21,223 shares of the company’s stock valued at $597,000 after buying an additional 484 shares in the last quarter. Retirement Financial Solutions LLC boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 2.4% in the 3rd quarter. Retirement Financial Solutions LLC now owns 25,049 shares of the company’s stock worth $705,000 after buying an additional 577 shares during the last quarter. West Michigan Advisors LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 2.5% during the 3rd quarter. West Michigan Advisors LLC now owns 28,431 shares of the company’s stock worth $800,000 after buying an additional 680 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 6.3% during the third quarter. Atria Investments Inc now owns 11,911 shares of the company’s stock valued at $335,000 after acquiring an additional 702 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA:DBMF opened at $27.25 on Friday. iMGP DBi Managed Futures Strategy ETF has a 1 year low of $25.60 and a 1 year high of $30.63. The firm has a market capitalization of $951.84 million, a PE ratio of 24.50 and a beta of 0.04. The business’s 50 day moving average price is $27.53 and its 200-day moving average price is $28.53.

iMGP DBi Managed Futures Strategy ETF Dividend Announcement

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

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.