iMGP DBi Managed Futures Strategy ETF $DBMF Shares Purchased by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC boosted its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 3.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,164,616 shares of the company’s stock after acquiring an additional 41,605 shares during the period. iMGP DBi Managed Futures Strategy ETF accounts for approximately 2.1% of Cardinal Point Capital Management ULC’s portfolio, making the stock its 11th biggest position. Cardinal Point Capital Management ULC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $32,679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DBMF. LFA Lugano Financial Advisors SA increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 50.1% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock worth $85,000 after buying an additional 1,013 shares during the period. Advisory Services Network LLC purchased a new position in iMGP DBi Managed Futures Strategy ETF in the third quarter worth approximately $152,000. Advisors Preferred LLC acquired a new position in iMGP DBi Managed Futures Strategy ETF during the 4th quarter worth approximately $182,000. Able Wealth Management LLC purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at approximately $211,000. Finally, Octavia Wealth Advisors LLC acquired a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the 4th quarter valued at $213,000.

iMGP DBi Managed Futures Strategy ETF Trading Up 0.3%

iMGP DBi Managed Futures Strategy ETF stock opened at $31.12 on Thursday. The stock has a market cap of $3.60 billion, a P/E ratio of 24.50 and a beta of -0.21. The company has a fifty day simple moving average of $30.46 and a 200-day simple moving average of $29.62. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.09 and a 12-month high of $31.66.

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.