DoubleLine Asset-Backed Securities ETF $DABS Stock: Beam Wealth Advisors Inc. Increases Position

Beam Wealth Advisors Inc. boosted its position in shares of DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 378,316 shares of the company’s stock after purchasing an additional 13,144 shares during the period. DoubleLine Asset-Backed Securities ETF makes up 4.1% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 5th biggest position. Beam Wealth Advisors Inc. owned 10.93% of DoubleLine Asset-Backed Securities ETF worth $18,830,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in DoubleLine Asset-Backed Securities ETF by 19.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,305,030 shares of the company’s stock worth $66,136,000 after buying an additional 213,447 shares in the last quarter. Empowered Funds LLC purchased a new position in DoubleLine Asset-Backed Securities ETF in the 1st quarter valued at about $2,195,000. Corient Private Wealth LP purchased a new position in DoubleLine Asset-Backed Securities ETF in the 2nd quarter valued at about $596,000. Cowa LLC acquired a new stake in shares of DoubleLine Asset-Backed Securities ETF during the third quarter valued at about $468,000. Finally, Legacy Capital Group California Inc. acquired a new stake in shares of DoubleLine Asset-Backed Securities ETF during the first quarter valued at about $264,000.

DoubleLine Asset-Backed Securities ETF Stock Performance

Shares of DoubleLine Asset-Backed Securities ETF stock opened at $49.86 on Friday. DoubleLine Asset-Backed Securities ETF has a 1-year low of $49.52 and a 1-year high of $51.52. The business has a 50-day moving average of $49.84 and a 200-day moving average of $50.46.

About DoubleLine Asset-Backed Securities ETF

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.