DoubleLine Mortgage ETF $DMBS is Gradient Investments LLC’s 6th Largest Position

Gradient Investments LLC lifted its holdings in DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 28.3% in the third quarter, HoldingsChannel reports. The firm owned 2,406,817 shares of the company’s stock after buying an additional 531,491 shares during the quarter. DoubleLine Mortgage ETF makes up approximately 2.0% of Gradient Investments LLC’s holdings, making the stock its 6th biggest holding. Gradient Investments LLC owned about 0.22% of DoubleLine Mortgage ETF worth $119,571,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Evergreen Capital Management LLC increased its position in shares of DoubleLine Mortgage ETF by 123.8% during the first quarter. Evergreen Capital Management LLC now owns 568,595 shares of the company’s stock worth $27,890,000 after acquiring an additional 314,494 shares during the period. TPG Financial Advisors LLC acquired a new stake in DoubleLine Mortgage ETF in the 2nd quarter valued at about $9,776,000. Foundations Investment Advisors LLC grew its position in shares of DoubleLine Mortgage ETF by 91.1% during the second quarter. Foundations Investment Advisors LLC now owns 338,537 shares of the company’s stock worth $16,612,000 after buying an additional 161,347 shares in the last quarter. Hobbs Group Advisors LLC increased its stake in shares of DoubleLine Mortgage ETF by 75.8% during the second quarter. Hobbs Group Advisors LLC now owns 196,992 shares of the company’s stock worth $9,666,000 after buying an additional 84,935 shares during the period. Finally, Signal Advisors Wealth LLC lifted its stake in DoubleLine Mortgage ETF by 67.5% in the second quarter. Signal Advisors Wealth LLC now owns 204,113 shares of the company’s stock worth $10,016,000 after acquiring an additional 82,276 shares during the last quarter.

DoubleLine Mortgage ETF Stock Up 0.2%

DoubleLine Mortgage ETF stock opened at $49.76 on Wednesday. DoubleLine Mortgage ETF has a 12-month low of $46.84 and a 12-month high of $50.21. The company has a fifty day simple moving average of $49.82 and a 200-day simple moving average of $49.31.

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.