DoubleLine Asset-Backed Securities ETF $DABS Shares Bought by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. grew its stake in DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) by 20.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 333,511 shares of the company’s stock after purchasing an additional 57,132 shares during the period. DoubleLine Asset-Backed Securities ETF comprises approximately 4.2% of Beam Wealth Advisors Inc.’s investment portfolio, making the stock its 5th largest holding. Beam Wealth Advisors Inc. owned 14.38% of DoubleLine Asset-Backed Securities ETF worth $16,938,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DABS. Focus Partners Wealth acquired a new position in shares of DoubleLine Asset-Backed Securities ETF in the 3rd quarter valued at $172,637,000. Asset Advisors Investment Management LLC acquired a new stake in DoubleLine Asset-Backed Securities ETF during the fourth quarter valued at $7,803,000. Gradient Investments LLC grew its position in DoubleLine Asset-Backed Securities ETF by 8.7% during the fourth quarter. Gradient Investments LLC now owns 1,098,513 shares of the company’s stock valued at $55,925,000 after buying an additional 87,563 shares during the period. Jane Street Group LLC acquired a new stake in DoubleLine Asset-Backed Securities ETF during the first quarter valued at $3,191,000. Finally, Foundations Investment Advisors LLC increased its holdings in DoubleLine Asset-Backed Securities ETF by 119.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 102,278 shares of the company’s stock valued at $5,207,000 after buying an additional 55,711 shares in the last quarter.

DoubleLine Asset-Backed Securities ETF Trading Down 0.1%

Shares of DoubleLine Asset-Backed Securities ETF stock opened at $50.41 on Thursday. The firm has a 50-day simple moving average of $50.51 and a two-hundred day simple moving average of $50.77. DoubleLine Asset-Backed Securities ETF has a fifty-two week low of $50.28 and a fifty-two week high of $51.52.

About DoubleLine Asset-Backed Securities ETF

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.