Elyxium Wealth LLC Reduces Stock Holdings in DoubleLine Opportunistic Bond ETF $DBND

Elyxium Wealth LLC trimmed its stake in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,689 shares of the company’s stock after selling 18,850 shares during the period. DoubleLine Opportunistic Bond ETF accounts for about 1.7% of Elyxium Wealth LLC’s investment portfolio, making the stock its 12th biggest holding. Elyxium Wealth LLC owned about 0.88% of DoubleLine Opportunistic Bond ETF worth $4,964,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DBND. Envestnet Asset Management Inc. increased its stake in shares of DoubleLine Opportunistic Bond ETF by 86.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 649,397 shares of the company’s stock worth $30,216,000 after acquiring an additional 300,484 shares in the last quarter. Raymond James Financial Inc. boosted its stake in DoubleLine Opportunistic Bond ETF by 290.0% during the 2nd quarter. Raymond James Financial Inc. now owns 394,891 shares of the company’s stock valued at $18,260,000 after purchasing an additional 293,626 shares during the last quarter. CWM LLC boosted its position in shares of DoubleLine Opportunistic Bond ETF by 23.7% during the third quarter. CWM LLC now owns 1,368,828 shares of the company’s stock valued at $63,692,000 after buying an additional 262,597 shares during the last quarter. Visionary Wealth Advisors purchased a new stake in shares of DoubleLine Opportunistic Bond ETF during the 2nd quarter valued at about $8,219,000. Finally, Foundations Investment Advisors LLC boosted its holdings in DoubleLine Opportunistic Bond ETF by 81.1% in the second quarter. Foundations Investment Advisors LLC now owns 393,834 shares of the company’s stock worth $18,211,000 after purchasing an additional 176,370 shares during the last quarter.

DoubleLine Opportunistic Bond ETF Price Performance

Shares of DBND opened at $46.45 on Friday. The business has a fifty day moving average of $46.41 and a 200 day moving average of $46.41. DoubleLine Opportunistic Bond ETF has a one year low of $44.92 and a one year high of $47.05.

DoubleLine Opportunistic Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were issued a $0.1671 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

About DoubleLine Opportunistic Bond ETF

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.