Ausdal Financial Partners Inc. Boosts Holdings in DoubleLine Opportunistic Bond ETF $DBND

Ausdal Financial Partners Inc. grew its stake in shares of DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) by 12.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,274 shares of the company’s stock after purchasing an additional 15,081 shares during the period. Ausdal Financial Partners Inc.’s holdings in DoubleLine Opportunistic Bond ETF were worth $6,341,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in DoubleLine Opportunistic Bond ETF by 86.1% in the third quarter. Envestnet Asset Management Inc. now owns 649,397 shares of the company’s stock worth $30,216,000 after buying an additional 300,484 shares in the last quarter. Aptus Capital Advisors LLC bought a new stake in DoubleLine Opportunistic Bond ETF during the 3rd quarter valued at approximately $13,981,000. Raymond James Financial Inc. boosted its position in DoubleLine Opportunistic Bond ETF by 290.0% during the 2nd quarter. Raymond James Financial Inc. now owns 394,891 shares of the company’s stock valued at $18,260,000 after acquiring an additional 293,626 shares in the last quarter. CWM LLC grew its holdings in shares of DoubleLine Opportunistic Bond ETF by 23.7% during the 3rd quarter. CWM LLC now owns 1,368,828 shares of the company’s stock worth $63,692,000 after acquiring an additional 262,597 shares during the period. Finally, Visionary Wealth Advisors purchased a new position in shares of DoubleLine Opportunistic Bond ETF during the 2nd quarter worth approximately $8,219,000.

DoubleLine Opportunistic Bond ETF Price Performance

Shares of NYSEARCA:DBND opened at $45.87 on Friday. The stock has a 50 day moving average price of $46.49 and a 200-day moving average price of $46.51. DoubleLine Opportunistic Bond ETF has a 52-week low of $44.92 and a 52-week high of $47.05.

DoubleLine Opportunistic Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were issued a $0.1662 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.3%.

About DoubleLine Opportunistic Bond ETF

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.