Gradient Investments LLC lifted its position in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS – Free Report) by 0.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,081,101 shares of the company’s stock after buying an additional 10,649 shares during the quarter. DoubleLine Mortgage ETF accounts for approximately 2.1% of Gradient Investments LLC’s holdings, making the stock its 3rd largest position. Gradient Investments LLC owned 0.21% of DoubleLine Mortgage ETF worth $151,250,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Puff Wealth Management LLC acquired a new position in shares of DoubleLine Mortgage ETF in the second quarter valued at approximately $3,072,000. Westshore Wealth LLC acquired a new stake in DoubleLine Mortgage ETF during the first quarter worth approximately $214,000. Hobbs Group Advisors LLC boosted its position in DoubleLine Mortgage ETF by 4.5% during the first quarter. Hobbs Group Advisors LLC now owns 213,937 shares of the company’s stock worth $10,564,000 after acquiring an additional 9,180 shares during the last quarter. Royal Bank of Canada purchased a new stake in DoubleLine Mortgage ETF in the 1st quarter worth approximately $51,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co grew its stake in DoubleLine Mortgage ETF by 5.7% in the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 197,487 shares of the company’s stock worth $9,752,000 after acquiring an additional 10,738 shares during the period.
DoubleLine Mortgage ETF Trading Up 0.2%
Shares of DMBS opened at $48.35 on Friday. The stock has a fifty day moving average of $48.72 and a two-hundred day moving average of $49.25. DoubleLine Mortgage ETF has a fifty-two week low of $48.07 and a fifty-two week high of $50.54.
DoubleLine Mortgage ETF Profile
The Doubleline Etf Trust – Mortgage ETF (DMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade residential mortgage-backed securities of any maturity. The fund seeks to outperform the Bloomberg US Mortgage-Backed Securities Index DMBS was launched on Mar 31, 2023 and is managed by DoubleLine.
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Want to see what other hedge funds are holding DMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoubleLine Mortgage ETF (NYSEARCA:DMBS – Free Report).
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