Gradient Investments LLC bought a new position in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,658,526 shares of the company’s stock, valued at approximately $123,116,000. DoubleLine Mortgage ETF comprises 1.8% of Gradient Investments LLC’s holdings, making the stock its 8th biggest position. Gradient Investments LLC owned about 18.23% of DoubleLine Mortgage ETF at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the stock. Root Financial Partners LLC acquired a new position in DoubleLine Mortgage ETF in the 1st quarter valued at $48,000. Royal Bank of Canada acquired a new stake in DoubleLine Mortgage ETF during the first quarter worth about $51,000. Compass Financial Management LLC bought a new position in DoubleLine Mortgage ETF in the second quarter worth $60,000. Sound Income Strategies LLC acquired a new stake in shares of DoubleLine Mortgage ETF during the 1st quarter valued at about $101,000. Finally, Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of DoubleLine Mortgage ETF in the 1st quarter valued at approximately $203,000.
DoubleLine Mortgage ETF Stock Performance
DoubleLine Mortgage ETF stock traded up $0.17 during mid-day trading on Thursday, hitting $46.26. 26,637 shares of the company were exchanged, compared to its average volume of 80,919. DoubleLine Mortgage ETF has a 1-year low of $45.86 and a 1-year high of $50.54. The business has a fifty day moving average of $47.63 and a 200 day moving average of $48.52.
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.
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