DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Shares Up 0.2% – Still a Buy?

Shares of DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) rose 0.2% during trading on Monday . The company traded as high as $50.10 and last traded at $50.04. Approximately 5,887 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 12,750 shares. The stock had previously closed at $49.92.

DoubleLine Multi-Sector Income ETF Stock Performance

The company has a 50 day moving average of $50.52 and a 200 day moving average of $50.52.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Foundations Investment Advisors LLC boosted its holdings in shares of DoubleLine Multi-Sector Income ETF by 52.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 249,936 shares of the company’s stock valued at $12,627,000 after buying an additional 86,308 shares during the period. Hippocratic Financial Advisors LLC raised its holdings in shares of DoubleLine Multi-Sector Income ETF by 13.2% during the fourth quarter. Hippocratic Financial Advisors LLC now owns 539,903 shares of the company’s stock worth $27,276,000 after acquiring an additional 62,856 shares during the period. Seascape Capital Management lifted its position in DoubleLine Multi-Sector Income ETF by 37.3% in the 3rd quarter. Seascape Capital Management now owns 121,108 shares of the company’s stock valued at $6,141,000 after acquiring an additional 32,875 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in DoubleLine Multi-Sector Income ETF in the 3rd quarter worth $756,000. Finally, Intrepid Financial Planning Group LLC acquired a new position in DoubleLine Multi-Sector Income ETF in the 2nd quarter worth $402,000.

About DoubleLine Multi-Sector Income ETF

The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities. DMX was launched on Nov 29, 2024 and is issued by DoubleLine.