JPMorgan Chase & Co. Lowers Stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

JPMorgan Chase & Co. lessened its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 88.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 368,610 shares of the company’s stock after selling 2,903,244 shares during the period. JPMorgan Chase & Co. owned about 1.06% of iMGP DBi Managed Futures Strategy ETF worth $10,369,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC raised its holdings in iMGP DBi Managed Futures Strategy ETF by 43.0% in the 3rd 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 during the last quarter. FMA Wealth Management LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF in the third quarter valued at $5,922,000. OneDigital Investment Advisors LLC increased its stake in iMGP DBi Managed Futures Strategy ETF by 46.4% in the third 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 last quarter. Private Advisor Group LLC lifted its position in iMGP DBi Managed Futures Strategy ETF by 126.6% during the third quarter. Private Advisor Group LLC now owns 230,208 shares of the company’s stock worth $6,476,000 after buying an additional 128,611 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF in the 3rd quarter worth about $3,084,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

NYSEARCA DBMF opened at $26.77 on Monday. The company has a market cap of $935.08 million, a P/E ratio of 24.50 and a beta of 0.04. iMGP DBi Managed Futures Strategy ETF has a 12 month low of $25.98 and a 12 month high of $30.63. The company has a 50-day moving average of $26.94 and a 200-day moving average of $27.84.

iMGP DBi Managed Futures Strategy ETF Company 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.