Fortis Advisors LLC Increases Stock Holdings in DoubleLine Opportunistic Bond ETF $DBND

Fortis Advisors LLC lifted its stake in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) by 32.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 208,745 shares of the company’s stock after purchasing an additional 50,643 shares during the quarter. DoubleLine Opportunistic Bond ETF comprises 5.5% of Fortis Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Fortis Advisors LLC’s holdings in DoubleLine Opportunistic Bond ETF were worth $9,713,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Beacon Capital Management Inc. purchased a new position in DoubleLine Opportunistic Bond ETF in the second quarter valued at about $165,000. Triad Wealth Partners LLC purchased a new position in shares of DoubleLine Opportunistic Bond ETF in the 3rd quarter valued at approximately $215,000. NWF Advisory Services Inc. acquired a new stake in DoubleLine Opportunistic Bond ETF in the 2nd quarter worth approximately $258,000. Stewardship Advisors LLC grew its position in DoubleLine Opportunistic Bond ETF by 22.3% during the 3rd quarter. Stewardship Advisors LLC now owns 6,660 shares of the company’s stock worth $310,000 after purchasing an additional 1,214 shares during the last quarter. Finally, Krilogy Financial LLC purchased a new stake in DoubleLine Opportunistic Bond ETF during the 3rd quarter worth approximately $315,000.

DoubleLine Opportunistic Bond ETF Stock Up 0.0%

NYSEARCA DBND opened at $46.75 on Friday. DoubleLine Opportunistic Bond ETF has a 12-month low of $44.92 and a 12-month high of $47.05. The company has a fifty day simple moving average of $46.46 and a two-hundred day simple moving average of $46.46.

DoubleLine Opportunistic Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1671 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, February 2nd.

DoubleLine Opportunistic Bond ETF Company Profile

The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years. DBND was launched on Mar 31, 2022 and is managed by DoubleLine.