DoubleLine Mortgage ETF (NYSEARCA:DMBS) Shares Sold by Gradient Investments LLC

Gradient Investments LLC reduced its stake in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 21.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,771,459 shares of the company’s stock after selling 488,945 shares during the period. DoubleLine Mortgage ETF makes up approximately 1.8% of Gradient Investments LLC’s investment portfolio, making the stock its 9th biggest holding. Gradient Investments LLC owned 0.22% of DoubleLine Mortgage ETF worth $86,890,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy CG LLC raised its holdings in shares of DoubleLine Mortgage ETF by 6.0% during the fourth quarter. Legacy CG LLC now owns 282,463 shares of the company’s stock worth $13,586,000 after purchasing an additional 16,002 shares during the last quarter. Paladin Wealth LLC grew its position in shares of DoubleLine Mortgage ETF by 138.3% in the fourth quarter. Paladin Wealth LLC now owns 65,110 shares of the company’s stock valued at $3,132,000 after purchasing an additional 37,793 shares during the period. Lord & Richards Wealth Management LLC acquired a new stake in shares of DoubleLine Mortgage ETF in the fourth quarter valued at about $274,000. Puff Wealth Management LLC acquired a new stake in shares of DoubleLine Mortgage ETF in the fourth quarter valued at about $691,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co grew its position in shares of DoubleLine Mortgage ETF by 4.7% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 159,949 shares of the company’s stock valued at $7,694,000 after purchasing an additional 7,190 shares during the period.

DoubleLine Mortgage ETF Trading Up 0.2%

Shares of NYSEARCA DMBS opened at $48.36 on Monday. The company’s 50-day simple moving average is $48.48 and its 200-day simple moving average is $48.48. DoubleLine Mortgage ETF has a 52-week low of $46.84 and a 52-week high of $50.71.

DoubleLine Mortgage ETF Profile

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.