Cardinal Point Capital Management ULC Raises Stock Holdings in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)

Cardinal Point Capital Management ULC boosted its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 2.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,063,256 shares of the company’s stock after purchasing an additional 25,421 shares during the quarter. iMGP DBi Managed Futures Strategy ETF comprises 4.4% of Cardinal Point Capital Management ULC’s portfolio, making the stock its 8th biggest holding. Cardinal Point Capital Management ULC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $27,815,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. CWM LLC increased its stake in shares of iMGP DBi Managed Futures Strategy ETF by 43.0% in the third quarter. CWM LLC now owns 2,028,633 shares of the company’s stock valued at $57,065,000 after buying an additional 610,397 shares during the period. Envestnet Asset Management Inc. grew its holdings in iMGP DBi Managed Futures Strategy ETF by 6.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,895,164 shares of the company’s stock worth $56,969,000 after acquiring an additional 109,823 shares during the last quarter. Naviter Wealth LLC raised its stake in shares of iMGP DBi Managed Futures Strategy ETF by 3.0% during the third quarter. Naviter Wealth LLC now owns 1,684,500 shares of the company’s stock valued at $47,385,000 after acquiring an additional 48,446 shares during the last quarter. Goldstein Advisors LLC lifted its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 3.2% during the third quarter. Goldstein Advisors LLC now owns 1,037,861 shares of the company’s stock worth $29,195,000 after purchasing an additional 31,789 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 9.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,006,012 shares of the company’s stock worth $30,241,000 after purchasing an additional 90,123 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Up 0.3 %

Shares of NYSEARCA:DBMF opened at $26.85 on Tuesday. The business has a fifty day simple moving average of $26.94 and a 200 day simple moving average of $27.81. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.98 and a 12-month high of $30.63. The firm has a market cap of $937.87 million, a P/E ratio of 24.50 and a beta of 0.04.

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.