Tortoise Investment Management LLC Buys 42,095 Shares of DoubleLine Mortgage ETF $DMBS

Tortoise Investment Management LLC grew its stake in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 445,735 shares of the company’s stock after acquiring an additional 42,095 shares during the quarter. DoubleLine Mortgage ETF comprises approximately 1.9% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 10th largest holding. Tortoise Investment Management LLC owned about 3.22% of DoubleLine Mortgage ETF worth $22,133,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of DoubleLine Mortgage ETF by 7.5% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 65,631 shares of the company’s stock valued at $3,259,000 after acquiring an additional 4,581 shares in the last quarter. World Investment Advisors acquired a new position in DoubleLine Mortgage ETF in the 4th quarter worth approximately $1,311,000. Welch Financial Planning LLC acquired a new position in DoubleLine Mortgage ETF in the 4th quarter worth approximately $551,000. Canandaigua National Trust Co of Florida acquired a new position in DoubleLine Mortgage ETF in the 4th quarter worth approximately $582,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in DoubleLine Mortgage ETF by 4.5% in the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 186,749 shares of the company’s stock worth $9,273,000 after buying an additional 8,002 shares during the period.

DoubleLine Mortgage ETF Trading Down 0.1%

Shares of NYSEARCA:DMBS opened at $48.50 on Tuesday. DoubleLine Mortgage ETF has a twelve month low of $47.74 and a twelve month high of $50.54. The company’s 50 day moving average is $49.36 and its 200 day moving average is $49.67.

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.