BlueChip Wealth Advisors LLC Buys 12,392 Shares of DoubleLine Opportunistic Bond ETF $DBND

BlueChip Wealth Advisors LLC boosted its stake in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) by 17.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,754 shares of the company’s stock after purchasing an additional 12,392 shares during the quarter. DoubleLine Opportunistic Bond ETF comprises approximately 1.7% of BlueChip Wealth Advisors LLC’s holdings, making the stock its 20th largest holding. BlueChip Wealth Advisors LLC owned 0.54% of DoubleLine Opportunistic Bond ETF worth $3,883,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DBND. Root Financial Partners LLC bought a new stake in shares of DoubleLine Opportunistic Bond ETF in the fourth quarter worth about $74,000. Clayton Financial Group LLC bought a new position in DoubleLine Opportunistic Bond ETF during the fourth quarter valued at approximately $125,000. Bank of America Corp DE bought a new position in DoubleLine Opportunistic Bond ETF during the third quarter valued at approximately $125,000. Farther Finance Advisors LLC grew its holdings in DoubleLine Opportunistic Bond ETF by 5,775.0% during the 4th quarter. Farther Finance Advisors LLC now owns 2,820 shares of the company’s stock valued at $131,000 after buying an additional 2,772 shares in the last quarter. Finally, First Financial Group Corp purchased a new position in DoubleLine Opportunistic Bond ETF during the 1st quarter valued at approximately $216,000.

DoubleLine Opportunistic Bond ETF Stock Up 0.2%

NYSEARCA:DBND opened at $45.15 on Wednesday. DoubleLine Opportunistic Bond ETF has a 1 year low of $45.03 and a 1 year high of $47.05. The stock’s 50 day simple moving average is $45.43 and its two-hundred day simple moving average is $45.95.

DoubleLine Opportunistic Bond ETF Profile

The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years. DBND was launched on Mar 31, 2022 and is managed by DoubleLine.