Beam Wealth Advisors Inc. grew its holdings in shares of DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS – Free Report) by 3.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 378,316 shares of the company’s stock after acquiring an additional 13,144 shares during the period. DoubleLine Asset-Backed Securities ETF accounts for 4.1% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 5th biggest position. Beam Wealth Advisors Inc. owned 0.11% of DoubleLine Asset-Backed Securities ETF worth $18,830,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Envestnet Asset Management Inc. grew its position in shares of DoubleLine Asset-Backed Securities ETF by 19.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,305,030 shares of the company’s stock worth $66,136,000 after buying an additional 213,447 shares in the last quarter. Paladin Wealth LLC raised its holdings 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 valued at $2,294,000 after acquiring an additional 2,569 shares in the last quarter. Empowered Funds LLC acquired a new stake in DoubleLine Asset-Backed Securities ETF in the first quarter valued at $2,195,000. Corient Private Wealth LP acquired a new stake in DoubleLine Asset-Backed Securities ETF in the second quarter valued at $596,000. Finally, Breakwater Capital Group raised its holdings in 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 acquiring an additional 3,969 shares in the last quarter.
DoubleLine Asset-Backed Securities ETF Trading Down 0.2%
NYSEARCA DABS opened at $49.86 on Friday. DoubleLine Asset-Backed Securities ETF has a 12 month low of $49.52 and a 12 month high of $51.52. The company’s fifty day moving average price is $49.84 and its two-hundred day moving average price is $50.46.
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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Want to see what other hedge funds are holding DABS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS – Free Report).
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