Foundations Investment Advisors LLC Increases Stock Position in Doubleline Fortune 500 Equal Weight ETF $DFVE

Foundations Investment Advisors LLC raised its holdings in shares of Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) by 36.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 447,005 shares of the company’s stock after purchasing an additional 119,991 shares during the period. Foundations Investment Advisors LLC owned approximately 57.31% of Doubleline Fortune 500 Equal Weight ETF worth $14,262,000 at the end of the most recent quarter.

Separately, Mutual Advisors LLC raised its stake in shares of Doubleline Fortune 500 Equal Weight ETF by 4.4% in the fourth quarter. Mutual Advisors LLC now owns 8,217 shares of the company’s stock worth $262,000 after purchasing an additional 347 shares during the last quarter.

Doubleline Fortune 500 Equal Weight ETF Price Performance

DFVE stock opened at $34.92 on Thursday. Doubleline Fortune 500 Equal Weight ETF has a 1-year low of $28.33 and a 1-year high of $35.19. The business has a fifty day moving average price of $33.68 and a 200-day moving average price of $33.06. The stock has a market capitalization of $31.43 million, a P/E ratio of 15.69 and a beta of 0.85.

Doubleline Fortune 500 Equal Weight ETF Profile

The DoubleLine Fortune 500 Equal Weight ETF (DFVE) is an exchange-traded fund that is based on the Barclays Fortune 500 Equal Weighted index. The fund tracks an equal-weighted index of US stocks, selected based on revenue. The portfolio is constructed from the Fortune 500 list. DFVE was launched on Jan 31, 2024 and is issued by DoubleLine.