iMGP DBi Managed Futures Strategy ETF $DBMF is Cardinal Point Capital Management ULC’s 10th Largest Position

Cardinal Point Capital Management ULC raised its holdings in shares of iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 3.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,123,011 shares of the company’s stock after acquiring an additional 38,016 shares during the quarter. iMGP DBi Managed Futures Strategy ETF comprises approximately 2.2% of Cardinal Point Capital Management ULC’s holdings, making the stock its 10th biggest position. Cardinal Point Capital Management ULC’s holdings in iMGP DBi Managed Futures Strategy ETF were worth $31,411,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. RFG Advisory LLC bought a new stake in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth $285,000. Austin Wealth Management LLC grew its position in iMGP DBi Managed Futures Strategy ETF by 9.0% during the third quarter. Austin Wealth Management LLC now owns 610,122 shares of the company’s stock valued at $17,297,000 after acquiring an additional 50,363 shares during the last quarter. Elyxium Wealth LLC lifted its stake in iMGP DBi Managed Futures Strategy ETF by 74.4% in the third quarter. Elyxium Wealth LLC now owns 92,990 shares of the company’s stock worth $2,540,000 after purchasing an additional 39,670 shares during the last quarter. Savant Capital LLC boosted its holdings in iMGP DBi Managed Futures Strategy ETF by 37.3% during the 3rd quarter. Savant Capital LLC now owns 967,384 shares of the company’s stock valued at $26,419,000 after acquiring an additional 262,849 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in iMGP DBi Managed Futures Strategy ETF by 2.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 651,561 shares of the company’s stock worth $17,794,000 after acquiring an additional 18,243 shares during the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Performance

Shares of iMGP DBi Managed Futures Strategy ETF stock opened at $30.16 on Monday. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 24.50 and a beta of -0.20. iMGP DBi Managed Futures Strategy ETF has a 52-week low of $24.52 and a 52-week high of $30.51. The company’s 50 day moving average price is $29.00 and its 200-day moving average price is $27.87.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a $1.168 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $4.67 annualized dividend and a dividend yield of 15.5%. This is a positive change from iMGP DBi Managed Futures Strategy ETF’s previous quarterly dividend of $0.14.

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.