Fortis Advisors LLC Boosts Position in DoubleLine Opportunistic Bond ETF $DBND

Fortis Advisors LLC lifted its position in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) by 32.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 208,745 shares of the company’s stock after acquiring an additional 50,643 shares during the quarter. DoubleLine Opportunistic Bond ETF accounts for 5.5% of Fortis Advisors LLC’s portfolio, making the stock its 2nd largest position. Fortis Advisors LLC owned about 1.72% of DoubleLine Opportunistic Bond ETF worth $9,713,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DBND. Beacon Capital Management Inc. purchased a new stake in DoubleLine Opportunistic Bond ETF in the 2nd quarter worth about $165,000. Triad Wealth Partners LLC purchased a new stake in shares of DoubleLine Opportunistic Bond ETF in the third quarter worth approximately $215,000. NWF Advisory Services Inc. bought a new stake in shares of DoubleLine Opportunistic Bond ETF during the 2nd quarter worth approximately $258,000. Stewardship Advisors LLC boosted its holdings in DoubleLine Opportunistic Bond ETF by 22.3% during the 3rd quarter. Stewardship Advisors LLC now owns 6,660 shares of the company’s stock valued at $310,000 after acquiring an additional 1,214 shares during the period. Finally, Krilogy Financial LLC bought a new position in DoubleLine Opportunistic Bond ETF in the 3rd quarter valued at $315,000.

DoubleLine Opportunistic Bond ETF Trading Up 0.0%

DBND stock opened at $46.75 on Friday. DoubleLine Opportunistic Bond ETF has a twelve month low of $44.92 and a twelve month high of $47.05. The business’s fifty day simple moving average is $46.46 and its two-hundred day simple moving average is $46.46.

DoubleLine Opportunistic Bond ETF Cuts Dividend

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

DoubleLine Opportunistic Bond ETF Company 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.