Gradient Investments LLC increased its holdings in DoubleLine Mortgage ETF (NYSEARCA:DMBS – Free Report) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,081,101 shares of the company’s stock after buying an additional 10,649 shares during the period. DoubleLine Mortgage ETF comprises about 2.1% of Gradient Investments LLC’s holdings, making the stock its 3rd largest position. Gradient Investments LLC owned about 21.46% of DoubleLine Mortgage ETF worth $151,250,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in DMBS. Root Financial Partners LLC purchased a new stake in shares of DoubleLine Mortgage ETF in the first quarter valued at about $48,000. Royal Bank of Canada purchased a new position in shares of DoubleLine Mortgage ETF during the 1st quarter worth approximately $51,000. Sound Income Strategies LLC acquired a new position in shares of DoubleLine Mortgage ETF during the 1st quarter worth approximately $101,000. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of DoubleLine Mortgage ETF during the 1st quarter worth approximately $203,000. Finally, Flow Traders U.S. LLC purchased a new stake in DoubleLine Mortgage ETF in the 2nd quarter valued at approximately $205,000.
DoubleLine Mortgage ETF Trading Up 0.2%
Shares of NYSEARCA:DMBS opened at $48.35 on Friday. The business’s fifty day moving average price is $48.72 and its two-hundred day moving average price is $49.25. DoubleLine Mortgage ETF has a one year low of $48.07 and a one year high of $50.54.
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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