Hutchinson Capital Management CA Boosts Stock Holdings in DoubleLine Commercial Real Estate ETF $DCRE

Hutchinson Capital Management CA grew its stake in shares of DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE) by 69.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 98,172 shares of the company’s stock after buying an additional 40,310 shares during the quarter. Hutchinson Capital Management CA’s holdings in DoubleLine Commercial Real Estate ETF were worth $5,113,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DCRE. Journey Strategic Wealth LLC boosted its holdings in DoubleLine Commercial Real Estate ETF by 185.0% in the third quarter. Journey Strategic Wealth LLC now owns 17,300 shares of the company’s stock valued at $901,000 after acquiring an additional 11,230 shares during the last quarter. Compound Planning Inc. increased its stake in DoubleLine Commercial Real Estate ETF by 42.6% during the third quarter. Compound Planning Inc. now owns 25,356 shares of the company’s stock worth $1,321,000 after acquiring an additional 7,573 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in shares of DoubleLine Commercial Real Estate ETF by 7.9% in the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 167,392 shares of the company’s stock worth $8,718,000 after purchasing an additional 12,205 shares during the period. A4 Wealth Advisors LLC acquired a new position in shares of DoubleLine Commercial Real Estate ETF in the 3rd quarter valued at about $232,000. Finally, Thrivent Financial for Lutherans grew its holdings in shares of DoubleLine Commercial Real Estate ETF by 33.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 172,026 shares of the company’s stock worth $8,959,000 after purchasing an additional 43,161 shares during the period.

DoubleLine Commercial Real Estate ETF Price Performance

DCRE opened at $52.18 on Tuesday. DoubleLine Commercial Real Estate ETF has a 1 year low of $51.43 and a 1 year high of $53.11. The firm has a 50 day moving average price of $52.08 and a 200 day moving average price of $52.07.

DoubleLine Commercial Real Estate ETF Cuts Dividend

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

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.