DoubleLine Mortgage ETF $DMBS Shares Purchased by AMI Investment Management Inc.

AMI Investment Management Inc. increased its stake in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 39.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 238,206 shares of the company’s stock after acquiring an additional 66,830 shares during the quarter. DoubleLine Mortgage ETF makes up about 2.7% of AMI Investment Management Inc.’s investment portfolio, making the stock its 10th largest position. AMI Investment Management Inc.’s holdings in DoubleLine Mortgage ETF were worth $11,828,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Waterloo Capital L.P. increased its stake in shares of DoubleLine Mortgage ETF by 6.7% in the 3rd quarter. Waterloo Capital L.P. now owns 6,992 shares of the company’s stock worth $347,000 after acquiring an additional 436 shares during the last quarter. Milestones Private Investment Advisors LLC raised its holdings in shares of DoubleLine Mortgage ETF by 2.6% during the 3rd quarter. Milestones Private Investment Advisors LLC now owns 21,876 shares of the company’s stock worth $1,087,000 after acquiring an additional 546 shares during the period. Howard Bailey Securities LLC boosted its position in shares of DoubleLine Mortgage ETF by 7.0% during the 3rd quarter. Howard Bailey Securities LLC now owns 14,392 shares of the company’s stock valued at $715,000 after acquiring an additional 942 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in shares of DoubleLine Mortgage ETF by 9.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 14,453 shares of the company’s stock valued at $718,000 after acquiring an additional 1,196 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of DoubleLine Mortgage ETF by 0.6% in the third quarter. Park Avenue Securities LLC now owns 311,857 shares of the company’s stock valued at $15,493,000 after purchasing an additional 1,982 shares during the period.

DoubleLine Mortgage ETF Stock Performance

DoubleLine Mortgage ETF stock opened at $48.89 on Friday. The company has a 50-day moving average price of $49.83 and a 200 day moving average price of $49.81. DoubleLine Mortgage ETF has a 12-month low of $46.84 and a 12-month high of $50.54.

DoubleLine Mortgage ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were paid a $0.2122 dividend. This is a positive change from DoubleLine Mortgage ETF’s previous monthly dividend of $0.21. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.2%.

About DoubleLine Mortgage ETF

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.