Longview Financial Advisors Inc. Sells 14,640 Shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Longview Financial Advisors Inc. trimmed its stake in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 11.8% in the third quarter, HoldingsChannel.com reports. The firm owned 109,880 shares of the company’s stock after selling 14,640 shares during the period. iMGP DBi Managed Futures Strategy ETF accounts for about 2.6% of Longview Financial Advisors Inc.’s investment portfolio, making the stock its 12th largest holding. Longview Financial Advisors Inc.’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $2,831,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Concourse Financial Group Securities Inc. acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the third quarter valued at about $42,000. Matrix Trust Co bought a new stake in iMGP DBi Managed Futures Strategy ETF in the third quarter valued at approximately $111,000. Hobbs Group Advisors LLC acquired a new stake in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter valued at approximately $180,000. HBW Advisory Services LLC bought a new position in iMGP DBi Managed Futures Strategy ETF during the 2nd quarter worth approximately $182,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF in the 1st quarter worth approximately $211,000.

iMGP DBi Managed Futures Strategy ETF Stock Performance

NYSEARCA:DBMF opened at $27.55 on Wednesday. iMGP DBi Managed Futures Strategy ETF has a 52 week low of $25.60 and a 52 week high of $30.63. The firm’s fifty day moving average is $27.87 and its 200-day moving average is $28.94. The firm has a market cap of $962.32 million, a P/E ratio of 24.50 and a beta of 0.04.

iMGP DBi Managed Futures Strategy ETF Announces Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given 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.