Avestar Capital LLC Has $4.48 Million Holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Avestar Capital LLC trimmed its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,065 shares of the company’s stock after selling 4,566 shares during the period. Avestar Capital LLC owned about 0.49% of iMGP DBi Managed Futures Strategy ETF worth $4,475,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. US Bancorp DE bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the third quarter worth about $29,000. Concourse Financial Group Securities Inc. acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the 3rd quarter valued at approximately $42,000. Stonebridge Financial Group LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $63,000. New Wave Wealth Advisors LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter worth approximately $67,000. Finally, Elevation Wealth Partners LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $120,000.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.2 %

DBMF opened at $26.78 on Thursday. iMGP DBi Managed Futures Strategy ETF has a twelve month low of $25.98 and a twelve month high of $30.63. The company has a fifty day moving average of $26.69 and a 200-day moving average of $27.30. The stock has a market cap of $935.43 million, a PE ratio of 24.50 and a beta of 0.04.

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.