Tortoise Investment Management LLC Raises Stake in DoubleLine Commercial Real Estate ETF $DCRE

Tortoise Investment Management LLC increased its holdings in shares of DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE) by 15.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 240,961 shares of the company’s stock after buying an additional 32,045 shares during the period. DoubleLine Commercial Real Estate ETF accounts for approximately 1.1% of Tortoise Investment Management LLC’s portfolio, making the stock its 26th biggest holding. Tortoise Investment Management LLC’s holdings in DoubleLine Commercial Real Estate ETF were worth $12,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Foundations Investment Advisors LLC increased its stake in shares of DoubleLine Commercial Real Estate ETF by 138.3% during the second quarter. Foundations Investment Advisors LLC now owns 331,830 shares of the company’s stock valued at $17,266,000 after purchasing an additional 192,606 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of DoubleLine Commercial Real Estate ETF in the 2nd quarter worth approximately $6,705,000. Hutchinson Capital Management CA grew its stake in shares of DoubleLine Commercial Real Estate ETF by 69.7% in the 3rd quarter. Hutchinson Capital Management CA now owns 98,172 shares of the company’s stock worth $5,113,000 after buying an additional 40,310 shares during the last quarter. Franklin Resources Inc. increased its position in DoubleLine Commercial Real Estate ETF by 146.8% during the 2nd quarter. Franklin Resources Inc. now owns 50,239 shares of the company’s stock valued at $2,614,000 after buying an additional 29,881 shares in the last quarter. Finally, CW Advisors LLC increased its position in DoubleLine Commercial Real Estate ETF by 60.7% during the 2nd quarter. CW Advisors LLC now owns 73,312 shares of the company’s stock valued at $3,815,000 after buying an additional 27,699 shares in the last quarter.

DoubleLine Commercial Real Estate ETF Trading Down 0.1%

Shares of NYSEARCA:DCRE opened at $52.02 on Thursday. The stock has a fifty day simple moving average of $52.11 and a two-hundred day simple moving average of $52.07. DoubleLine Commercial Real Estate ETF has a 12-month low of $51.43 and a 12-month high of $53.11.

DoubleLine Commercial Real Estate ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a $0.1944 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, March 2nd.

DoubleLine Commercial Real Estate ETF Profile

The DoubleLine Commercial Real Estate ETF (DCRE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade commercial real estate debt securities of any maturity. The fund seeks current income and capital appreciation. DCRE was launched on Mar 31, 2023 and is issued by DoubleLine.