Brown Financial Advisors Has $10.65 Million Holdings in DoubleLine Mortgage ETF $DMBS

Brown Financial Advisors lifted its stake in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 216,939 shares of the company’s stock after purchasing an additional 13,281 shares during the period. DoubleLine Mortgage ETF accounts for 3.7% of Brown Financial Advisors’ investment portfolio, making the stock its 2nd biggest holding. Brown Financial Advisors’ holdings in DoubleLine Mortgage ETF were worth $10,649,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Compass Financial Management LLC bought a new position in DoubleLine Mortgage ETF during the second quarter valued at $60,000. Lord & Richards Wealth Management LLC increased its position in DoubleLine Mortgage ETF by 5.9% in the second quarter. Lord & Richards Wealth Management LLC now owns 111,171 shares of the company’s stock worth $5,457,000 after buying an additional 6,217 shares during the last quarter. Advocacy Wealth Management LLC raised its stake in shares of DoubleLine Mortgage ETF by 3.5% in the second quarter. Advocacy Wealth Management LLC now owns 1,084,082 shares of the company’s stock valued at $53,217,000 after buying an additional 36,507 shares during the period. Paladin Wealth LLC raised its stake in shares of DoubleLine Mortgage ETF by 14.8% in the second quarter. Paladin Wealth LLC now owns 125,458 shares of the company’s stock valued at $6,159,000 after buying an additional 16,220 shares during the period. Finally, Gradient Investments LLC raised its stake in shares of DoubleLine Mortgage ETF by 0.3% in the second quarter. Gradient Investments LLC now owns 3,081,101 shares of the company’s stock valued at $151,250,000 after buying an additional 10,649 shares during the period.

DoubleLine Mortgage ETF Price Performance

Shares of NYSEARCA DMBS opened at $47.92 on Monday. DoubleLine Mortgage ETF has a one year low of $47.72 and a one year high of $50.54. The business’s fifty day moving average price is $48.42 and its 200-day moving average price is $49.01.

About DoubleLine Mortgage ETF

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.