Foundations Investment Advisors LLC raised its stake in DoubleLine Mortgage ETF (NYSEARCA:DMBS – Free Report) by 91.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 338,537 shares of the company’s stock after buying an additional 161,347 shares during the period. Foundations Investment Advisors LLC’s holdings in DoubleLine Mortgage ETF were worth $16,612,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allworth Financial LP bought a new position in DoubleLine Mortgage ETF during the 2nd quarter worth approximately $36,000. Larson Financial Group LLC increased its position in shares of DoubleLine Mortgage ETF by 766.3% in the 1st quarter. Larson Financial Group LLC now owns 1,386 shares of the company’s stock valued at $68,000 after buying an additional 1,226 shares in the last quarter. RFG Advisory LLC acquired a new stake in DoubleLine Mortgage ETF during the 2nd quarter worth $213,000. SCS Capital Management LLC acquired a new stake in shares of DoubleLine Mortgage ETF during the first quarter worth about $258,000. Finally, Transatlantique Private Wealth LLC bought a new position in DoubleLine Mortgage ETF in the second quarter valued at approximately $261,000.
DoubleLine Mortgage ETF Price Performance
DMBS opened at $49.65 on Friday. The business’s 50-day moving average price is $49.84 and its two-hundred day moving average price is $49.08. DoubleLine Mortgage ETF has a 1 year low of $46.84 and a 1 year high of $50.21.
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.
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Want to see what other hedge funds are holding DMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoubleLine Mortgage ETF (NYSEARCA:DMBS – Free Report).
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