Seascape Capital Management Cuts Holdings in DoubleLine Opportunistic Bond ETF $DBND

Seascape Capital Management lessened its stake in shares of DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 634,793 shares of the company’s stock after selling 11,175 shares during the period. DoubleLine Opportunistic Bond ETF accounts for 8.4% of Seascape Capital Management’s portfolio, making the stock its 2nd largest holding. Seascape Capital Management owned 4.05% of DoubleLine Opportunistic Bond ETF worth $29,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of DBND. Elevation Point Wealth Partners LLC boosted its stake in DoubleLine Opportunistic Bond ETF by 13.5% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 93,046 shares of the company’s stock valued at $4,262,000 after purchasing an additional 11,094 shares during the period. Manchester Financial Inc. increased its position in DoubleLine Opportunistic Bond ETF by 6.2% during the first quarter. Manchester Financial Inc. now owns 8,545 shares of the company’s stock worth $391,000 after acquiring an additional 498 shares during the period. First Financial Group Corp bought a new position in DoubleLine Opportunistic Bond ETF during the first quarter worth $216,000. Cornerstone Wealth Group LLC raised its stake in DoubleLine Opportunistic Bond ETF by 13.8% during the 1st quarter. Cornerstone Wealth Group LLC now owns 54,393 shares of the company’s stock valued at $2,504,000 after purchasing an additional 6,589 shares during the last quarter. Finally, Stonehearth Capital Management LLC boosted its holdings in DoubleLine Opportunistic Bond ETF by 5.7% in the 1st quarter. Stonehearth Capital Management LLC now owns 8,497 shares of the company’s stock valued at $389,000 after purchasing an additional 455 shares during the period.

DoubleLine Opportunistic Bond ETF Stock Performance

NYSEARCA DBND opened at $45.37 on Monday. DoubleLine Opportunistic Bond ETF has a 52-week low of $45.03 and a 52-week high of $47.05. The company’s fifty day moving average is $45.52 and its two-hundred day moving average is $46.01.

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.