Journey Advisory Group LLC Invests $2.72 Million in DoubleLine Opportunistic Bond ETF $DBND

Journey Advisory Group LLC purchased a new stake in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 58,529 shares of the company’s stock, valued at approximately $2,723,000. Journey Advisory Group LLC owned 0.48% of DoubleLine Opportunistic Bond ETF at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in DoubleLine Opportunistic Bond ETF by 86.1% during the third quarter. Envestnet Asset Management Inc. now owns 649,397 shares of the company’s stock worth $30,216,000 after purchasing an additional 300,484 shares during the period. Raymond James Financial Inc. lifted its stake in shares of DoubleLine Opportunistic Bond ETF by 290.0% during the 2nd quarter. Raymond James Financial Inc. now owns 394,891 shares of the company’s stock worth $18,260,000 after buying an additional 293,626 shares during the last quarter. CWM LLC boosted its holdings in shares of DoubleLine Opportunistic Bond ETF by 23.7% during the 3rd quarter. CWM LLC now owns 1,368,828 shares of the company’s stock worth $63,692,000 after buying an additional 262,597 shares during the period. Visionary Wealth Advisors acquired a new position in DoubleLine Opportunistic Bond ETF in the 2nd quarter valued at about $8,219,000. Finally, Foundations Investment Advisors LLC raised its holdings in DoubleLine Opportunistic Bond ETF by 81.1% in the 2nd quarter. Foundations Investment Advisors LLC now owns 393,834 shares of the company’s stock valued at $18,211,000 after acquiring an additional 176,370 shares during the period.

DoubleLine Opportunistic Bond ETF Stock Performance

Shares of DBND stock 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 firm has a 50 day moving average price of $46.47 and a two-hundred day moving average price of $46.47.

DoubleLine Opportunistic Bond ETF Cuts Dividend

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

About DoubleLine Opportunistic Bond ETF

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.