AMI Investment Management Inc. Takes Position in DoubleLine Mortgage ETF (NYSEARCA:DMBS)

AMI Investment Management Inc. purchased a new stake in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) during the fourth quarter, Holdings Channel.com reports. The fund purchased 179,673 shares of the company’s stock, valued at approximately $8,892,000. DoubleLine Mortgage ETF makes up about 3.6% of AMI Investment Management Inc.’s investment portfolio, making the stock its 6th biggest holding. AMI Investment Management Inc. owned 0.09% of DoubleLine Mortgage ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC grew its position in DoubleLine Mortgage ETF by 32.5% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 48,061 shares of the company’s stock worth $2,379,000 after acquiring an additional 11,790 shares in the last quarter. Mutual Advisors LLC purchased a new stake in DoubleLine Mortgage ETF in the third quarter worth about $294,000. WealthPLAN Partners LLC purchased a new stake in DoubleLine Mortgage ETF in the fourth quarter worth about $1,717,000. Ancora Advisors LLC grew its holdings in shares of DoubleLine Mortgage ETF by 200.0% during the third quarter. Ancora Advisors LLC now owns 3,000 shares of the company’s stock valued at $141,000 after buying an additional 2,000 shares during the last quarter. Finally, Cravens & Co Advisors LLC grew its holdings in shares of DoubleLine Mortgage ETF by 1.7% during the third quarter. Cravens & Co Advisors LLC now owns 24,660 shares of the company’s stock valued at $1,159,000 after buying an additional 423 shares during the last quarter.

DoubleLine Mortgage ETF Trading Down 0.2 %

NYSEARCA:DMBS opened at $48.69 on Friday. The company’s 50 day moving average price is $48.59 and its 200-day moving average price is $47.99. DoubleLine Mortgage ETF has a 52 week low of $45.27 and a 52 week high of $50.59.

DoubleLine Mortgage ETF Company 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.