Gradient Investments LLC Has $55.93 Million Position in DoubleLine Asset-Backed Securities ETF $DABS

Gradient Investments LLC raised its holdings in DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) by 8.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,098,513 shares of the company’s stock after purchasing an additional 87,563 shares during the period. DoubleLine Asset-Backed Securities ETF makes up 0.9% of Gradient Investments LLC’s portfolio, making the stock its 28th biggest position. Gradient Investments LLC owned about 0.60% of DoubleLine Asset-Backed Securities ETF worth $55,925,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Basso Capital Management L.P. boosted its position in shares of DoubleLine Asset-Backed Securities ETF by 133.3% during the 3rd quarter. Basso Capital Management L.P. now owns 3,500 shares of the company’s stock valued at $179,000 after acquiring an additional 2,000 shares in the last quarter. Paladin Wealth LLC increased its stake in DoubleLine Asset-Backed Securities ETF by 7.0% in the third quarter. Paladin Wealth LLC now owns 36,570 shares of the company’s stock valued at $1,868,000 after acquiring an additional 2,393 shares during the period. Mattson Financial Services LLC raised its position in DoubleLine Asset-Backed Securities ETF by 3.5% in the third quarter. Mattson Financial Services LLC now owns 74,454 shares of the company’s stock worth $3,802,000 after purchasing an additional 2,487 shares in the last quarter. Foundations Investment Advisors LLC raised its position in DoubleLine Asset-Backed Securities ETF by 7.6% in the third quarter. Foundations Investment Advisors LLC now owns 46,567 shares of the company’s stock worth $2,378,000 after purchasing an additional 3,295 shares in the last quarter. Finally, A4 Wealth Advisors LLC bought a new position in DoubleLine Asset-Backed Securities ETF during the third quarter worth about $390,000.

DoubleLine Asset-Backed Securities ETF Stock Down 0.3%

NYSEARCA DABS opened at $50.74 on Monday. The stock’s 50 day moving average is $51.04 and its two-hundred day moving average is $51.01. DoubleLine Asset-Backed Securities ETF has a 1-year low of $49.49 and a 1-year high of $54.15.

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.