Cardinal Point Capital Management ULC Buys 38,016 Shares of iMGP DBi Managed Futures Strategy ETF $DBMF

Cardinal Point Capital Management ULC grew its position in iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,123,011 shares of the company’s stock after purchasing an additional 38,016 shares during the quarter. iMGP DBi Managed Futures Strategy ETF makes up about 2.2% of Cardinal Point Capital Management ULC’s portfolio, making the stock its 10th largest position. Cardinal Point Capital Management ULC owned 1.69% of iMGP DBi Managed Futures Strategy ETF worth $31,411,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. RFG Advisory LLC bought a new position in shares of iMGP DBi Managed Futures Strategy ETF during the 3rd quarter worth about $285,000. Austin Wealth Management LLC raised its stake in iMGP DBi Managed Futures Strategy ETF by 9.0% during the 3rd quarter. Austin Wealth Management LLC now owns 610,122 shares of the company’s stock worth $17,297,000 after buying an additional 50,363 shares during the period. Elyxium Wealth LLC boosted its holdings 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 acquiring an additional 39,670 shares in the last quarter. Savant Capital LLC increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 37.3% during the third 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 in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of iMGP DBi Managed Futures Strategy ETF by 2.9% during the third quarter. Envestnet Asset Management Inc. now owns 651,561 shares of the company’s stock valued at $17,794,000 after acquiring an additional 18,243 shares in the last quarter.

iMGP DBi Managed Futures Strategy ETF Stock Up 3.3%

Shares of DBMF opened at $30.16 on Monday. The business’s fifty day moving average is $29.00 and its 200 day moving average is $27.87. iMGP DBi Managed Futures Strategy ETF has a 12-month low of $24.52 and a 12-month high of $30.51. The stock has a market cap of $2.44 billion, a P/E ratio of 24.50 and a beta of -0.20.

iMGP DBi Managed Futures Strategy ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a $1.168 dividend. This represents a $4.67 dividend on an annualized basis and a yield of 15.5%. The ex-dividend date of this dividend was Tuesday, December 30th. 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.