Gradient Investments LLC Increases Stock Holdings in DoubleLine Mortgage ETF (NYSEARCA:DMBS)

Gradient Investments LLC lifted its position in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 75.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,260,404 shares of the company’s stock after purchasing an additional 973,485 shares during the period. DoubleLine Mortgage ETF accounts for 2.2% of Gradient Investments LLC’s portfolio, making the stock its 6th largest holding. Gradient Investments LLC owned 35.88% of DoubleLine Mortgage ETF worth $108,725,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DMBS. Peterson Financial Group Inc. bought a new stake in DoubleLine Mortgage ETF in the third quarter valued at approximately $129,000. Latitude Advisors LLC acquired a new stake in shares of DoubleLine Mortgage ETF during the 3rd quarter worth about $300,000. Orion Portfolio Solutions LLC boosted its holdings in shares of DoubleLine Mortgage ETF by 10.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,784 shares of the company’s stock worth $392,000 after buying an additional 722 shares during the period. Maripau Wealth Management LLC lifted its position in DoubleLine Mortgage ETF by 32.8% during the third quarter. Maripau Wealth Management LLC now owns 10,809 shares of the company’s stock worth $545,000 after acquiring an additional 2,668 shares during the last quarter. Finally, Canandaigua National Trust Co of Florida acquired a new position in shares of DoubleLine Mortgage ETF in the fourth quarter valued at approximately $545,000.

DoubleLine Mortgage ETF Stock Performance

DMBS opened at $48.01 on Friday. DoubleLine Mortgage ETF has a 1 year low of $47.00 and a 1 year high of $50.71. The business has a fifty day simple moving average of $48.33 and a 200 day simple moving average of $49.11.

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.