Brown Financial Advisors Grows Stake in DoubleLine Mortgage ETF (NYSEARCA:DMBS)

Brown Financial Advisors increased its holdings in DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 81.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,927 shares of the company’s stock after buying an additional 76,411 shares during the period. DoubleLine Mortgage ETF comprises approximately 3.3% of Brown Financial Advisors’ investment portfolio, making the stock its 4th biggest holding. Brown Financial Advisors’ holdings in DoubleLine Mortgage ETF were worth $8,173,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Gradient Investments LLC lifted its position in shares of DoubleLine Mortgage ETF by 75.6% during the fourth quarter. Gradient Investments LLC now owns 2,260,404 shares of the company’s stock valued at $108,725,000 after buying an additional 973,485 shares during the last quarter. Cobblestone Capital Advisors LLC NY bought a new position in shares of DoubleLine Mortgage ETF during the 3rd quarter worth approximately $44,017,000. Advocacy Wealth Management Services LLC lifted its position in DoubleLine Mortgage ETF by 1.3% during the third quarter. Advocacy Wealth Management Services LLC now owns 812,207 shares of the company’s stock valued at $40,927,000 after acquiring an additional 10,309 shares during the last quarter. Legacy CG LLC boosted its stake in DoubleLine Mortgage ETF by 6.0% in the fourth quarter. Legacy CG LLC now owns 282,463 shares of the company’s stock valued at $13,586,000 after acquiring an additional 16,002 shares in the last quarter. Finally, AMI Investment Management Inc. grew its holdings in DoubleLine Mortgage ETF by 12.9% in the fourth quarter. AMI Investment Management Inc. now owns 238,269 shares of the company’s stock worth $11,461,000 after purchasing an additional 27,143 shares during the last quarter.

DoubleLine Mortgage ETF Price Performance

Shares of DMBS stock opened at $48.67 on Tuesday. DoubleLine Mortgage ETF has a 12-month low of $47.00 and a 12-month high of $50.71. The business’s fifty day simple moving average is $48.14 and its 200-day simple moving average is $49.01.

DoubleLine Mortgage ETF Company 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.