Cardinal Point Capital Management ULC Buys 69,681 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Cardinal Point Capital Management ULC lifted its stake in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,234,297 shares of the company’s stock after purchasing an additional 69,681 shares during the quarter. iMGP DBi Managed Futures Strategy ETF comprises approximately 2.3% of Cardinal Point Capital Management ULC’s portfolio, making the stock its 10th biggest position. Cardinal Point Capital Management ULC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $37,214,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC purchased a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 1st quarter worth approximately $30,000. Capital Advisors Ltd. LLC acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 1st quarter worth $34,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at about $48,000. LFA Lugano Financial Advisors SA lifted its stake in iMGP DBi Managed Futures Strategy ETF by 50.1% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 3,033 shares of the company’s stock valued at $85,000 after buying an additional 1,013 shares in the last quarter. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of iMGP DBi Managed Futures Strategy ETF in the fourth quarter valued at $87,000.

iMGP DBi Managed Futures Strategy ETF Price Performance

iMGP DBi Managed Futures Strategy ETF stock opened at $30.44 on Thursday. The stock has a market capitalization of $3.52 billion, a P/E ratio of 24.50 and a beta of -0.21. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $25.34 and a 12-month high of $31.66. The firm’s 50-day moving average is $30.82 and its two-hundred day moving average is $30.14.

iMGP DBi Managed Futures Strategy ETF 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.