iMGP DBi Managed Futures Strategy ETF $DBMF Position Increased by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC boosted its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,234,297 shares of the company’s stock after acquiring an additional 69,681 shares during the quarter. iMGP DBi Managed Futures Strategy ETF accounts for about 2.3% of Cardinal Point Capital Management ULC’s holdings, making the stock its 10th biggest holding. Cardinal Point Capital Management ULC owned 1.07% of iMGP DBi Managed Futures Strategy ETF worth $37,214,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 139,913.0% in the 4th quarter. JPMorgan Chase & Co. now owns 7,374,483 shares of the company’s stock valued at $206,928,000 after purchasing an additional 7,369,216 shares in the last quarter. TIAA Trust National Association acquired a new position in shares of iMGP DBi Managed Futures Strategy ETF during the fourth quarter worth $87,820,000. Royal Bank of Canada grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 240.8% during the fourth quarter. Royal Bank of Canada now owns 759,975 shares of the company’s stock worth $21,325,000 after purchasing an additional 537,000 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of iMGP DBi Managed Futures Strategy ETF by 54.9% during the second quarter. Raymond James Financial Inc. now owns 1,285,564 shares of the company’s stock worth $33,078,000 after purchasing an additional 455,884 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in iMGP DBi Managed Futures Strategy ETF by 107.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 870,474 shares of the company’s stock valued at $24,425,000 after buying an additional 450,006 shares during the last quarter.

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 cap of $3.52 billion, a PE ratio of 24.50 and a beta of -0.21. The stock’s fifty day moving average is $30.82 and its two-hundred day moving average is $30.14. iMGP DBi Managed Futures Strategy ETF has a 1-year low of $25.34 and a 1-year high of $31.66.

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.