Beam Wealth Advisors Inc. Purchases 57,132 Shares of DoubleLine Asset-Backed Securities ETF $DABS

Beam Wealth Advisors Inc. boosted its position in shares of DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) by 20.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,511 shares of the company’s stock after buying an additional 57,132 shares during the period. DoubleLine Asset-Backed Securities ETF accounts for about 4.2% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 5th largest holding. Beam Wealth Advisors Inc. owned 0.14% 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 have also made changes to their positions in DABS. Root Financial Partners LLC acquired a new stake in shares of DoubleLine Asset-Backed Securities ETF in the first quarter worth approximately $31,000. Harbour Investments Inc. purchased a new stake in shares of DoubleLine Asset-Backed Securities ETF during the fourth quarter worth approximately $51,000. Basso Capital Management L.P. raised its stake in DoubleLine Asset-Backed Securities ETF by 133.3% in the 3rd quarter. Basso Capital Management L.P. now owns 3,500 shares of the company’s stock valued at $179,000 after purchasing an additional 2,000 shares during the last quarter. Ritholtz Wealth Management acquired a new position in DoubleLine Asset-Backed Securities ETF in the 1st quarter valued at $328,000. Finally, Breakwater Capital Group purchased a new position in DoubleLine Asset-Backed Securities ETF in the 1st quarter valued at $330,000.

DoubleLine Asset-Backed Securities ETF Stock Performance

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

DoubleLine Asset-Backed Securities ETF Profile

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.