DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Trading 0.1% Higher – Still a Buy?

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) shares were up 0.1% during trading on Wednesday . The company traded as high as $50.13 and last traded at $50.12. Approximately 6,124 shares traded hands during trading, a decline of 47% from the average session volume of 11,455 shares. The stock had previously closed at $50.07.

DoubleLine Multi-Sector Income ETF Price Performance

The company’s fifty day simple moving average is $50.09 and its 200 day simple moving average is $50.19.

Institutional Investors Weigh In On DoubleLine Multi-Sector Income ETF

A number of hedge funds have recently modified their holdings of the business. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in shares of DoubleLine Multi-Sector Income ETF in the first quarter worth $282,000. Seascape Capital Management lifted its position in DoubleLine Multi-Sector Income ETF by 5.0% during the first quarter. Seascape Capital Management now owns 154,634 shares of the company’s stock valued at $7,744,000 after purchasing an additional 7,310 shares during the last quarter. Root Financial Partners LLC purchased a new position in DoubleLine Multi-Sector Income ETF in the first quarter worth about $38,000. Foundations Investment Advisors LLC boosted its holdings in shares of DoubleLine Multi-Sector Income ETF by 52.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 249,936 shares of the company’s stock worth $12,627,000 after purchasing an additional 86,308 shares during the period. Finally, Sanctuary Advisors LLC increased its position in DoubleLine Multi-Sector Income ETF by 3.8% during the fourth quarter. Sanctuary Advisors LLC now owns 125,612 shares of the company’s stock valued at $6,346,000 after acquiring an additional 4,638 shares during the last quarter.

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.