DoubleLine Opportunistic Bond ETF $DBND Shares Sold by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC reduced its stake in shares of DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) by 6.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 45,872 shares of the company’s stock after selling 3,073 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in DoubleLine Opportunistic Bond ETF were worth $2,121,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new position in DoubleLine Opportunistic Bond ETF during the first quarter worth about $1,103,000. Envestnet Asset Management Inc. grew its position in DoubleLine Opportunistic Bond ETF by 56.3% during the first quarter. Envestnet Asset Management Inc. now owns 334,920 shares of the company’s stock worth $15,463,000 after buying an additional 120,641 shares during the period. Janney Montgomery Scott LLC acquired a new position in DoubleLine Opportunistic Bond ETF during the first quarter worth about $522,000. Envestnet Portfolio Solutions Inc. grew its position in DoubleLine Opportunistic Bond ETF by 22.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,451 shares of the company’s stock worth $252,000 after buying an additional 998 shares during the period. Finally, Seascape Capital Management increased its holdings in DoubleLine Opportunistic Bond ETF by 12.8% during the 1st quarter. Seascape Capital Management now owns 541,805 shares of the company’s stock valued at $25,015,000 after acquiring an additional 61,570 shares in the last quarter.

DoubleLine Opportunistic Bond ETF Stock Performance

Shares of DBND opened at $46.64 on Tuesday. DoubleLine Opportunistic Bond ETF has a 12-month low of $44.83 and a 12-month high of $46.83. The company has a 50-day moving average of $46.39 and a two-hundred day moving average of $45.94.

DoubleLine Opportunistic Bond ETF Profile

The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years.