Advocacy Wealth Management LLC Takes Position in DoubleLine Mortgage ETF $DMBS

Advocacy Wealth Management LLC bought a new stake in DoubleLine Mortgage ETF (NYSEARCA:DMBS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 976,496 shares of the company’s stock, valued at approximately $48,488,000. DoubleLine Mortgage ETF accounts for 2.0% of Advocacy Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. Advocacy Wealth Management LLC owned approximately 0.07% of DoubleLine Mortgage ETF as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Gradient Investments LLC lifted its stake in shares of DoubleLine Mortgage ETF by 10.2% in the fourth quarter. Gradient Investments LLC now owns 2,653,434 shares of the company’s stock worth $131,756,000 after buying an additional 246,617 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of DoubleLine Mortgage ETF by 33.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 576,507 shares of the company’s stock worth $28,626,000 after buying an additional 145,142 shares in the last quarter. Tortoise Investment Management LLC lifted its stake in shares of DoubleLine Mortgage ETF by 26.1% in the third quarter. Tortoise Investment Management LLC now owns 403,640 shares of the company’s stock worth $20,053,000 after buying an additional 83,619 shares in the last quarter. AMI Investment Management Inc. lifted its stake in shares of DoubleLine Mortgage ETF by 39.0% in the fourth quarter. AMI Investment Management Inc. now owns 238,206 shares of the company’s stock worth $11,828,000 after buying an additional 66,830 shares in the last quarter. Finally, TPG Financial Advisors LLC lifted its stake in shares of DoubleLine Mortgage ETF by 28.6% in the fourth quarter. TPG Financial Advisors LLC now owns 300,320 shares of the company’s stock worth $14,912,000 after buying an additional 66,817 shares in the last quarter.

DoubleLine Mortgage ETF Price Performance

NYSEARCA:DMBS opened at $48.60 on Tuesday. The company’s 50-day moving average price is $49.15 and its 200-day moving average price is $49.57. DoubleLine Mortgage ETF has a twelve month low of $48.01 and a twelve month high of $50.54.

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.