Gradient Investments LLC lowered its position in shares of DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS – Free Report) by 76.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,105,702 shares of the company’s stock after selling 3,576,435 shares during the quarter. Gradient Investments LLC owned 35.67% of DoubleLine Asset-Backed Securities ETF worth $55,033,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in DoubleLine Asset-Backed Securities ETF by 19.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,305,030 shares of the company’s stock valued at $66,136,000 after acquiring an additional 213,447 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in DoubleLine Asset-Backed Securities ETF during the second quarter worth approximately $80,000. Corient Private Wealth LP acquired a new position in DoubleLine Asset-Backed Securities ETF in the second quarter worth approximately $596,000. Paladin Wealth LLC grew its position in DoubleLine Asset-Backed Securities ETF by 6.0% in the second quarter. Paladin Wealth LLC now owns 45,274 shares of the company’s stock worth $2,294,000 after buying an additional 2,569 shares during the last quarter. Finally, Breakwater Capital Group increased its holdings in shares of DoubleLine Asset-Backed Securities ETF by 61.0% in the second quarter. Breakwater Capital Group now owns 10,475 shares of the company’s stock valued at $531,000 after buying an additional 3,969 shares in the last quarter.
DoubleLine Asset-Backed Securities ETF Price Performance
Shares of NYSEARCA:DABS traded up $0.04 on Thursday, reaching $49.64. 8,381 shares of the company traded hands, compared to its average volume of 14,995. The company’s 50 day moving average is $50.11 and its 200-day moving average is $50.40. DoubleLine Asset-Backed Securities ETF has a fifty-two week low of $49.52 and a fifty-two week high of $51.52.
DoubleLine Asset-Backed Securities ETF Profile
The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.
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