Seascape Capital Management Has $29.95 Million Stock Position in DoubleLine Opportunistic Bond ETF $DBND

Seascape Capital Management raised its holdings in shares of DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) by 4.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 645,968 shares of the company’s stock after purchasing an additional 27,667 shares during the period. DoubleLine Opportunistic Bond ETF comprises 8.5% of Seascape Capital Management’s portfolio, making the stock its 2nd largest holding. Seascape Capital Management’s holdings in DoubleLine Opportunistic Bond ETF were worth $29,950,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE bought a new position in shares of DoubleLine Opportunistic Bond ETF during the third quarter valued at approximately $125,000. Clayton Financial Group LLC bought a new position in shares of DoubleLine Opportunistic Bond ETF during the fourth quarter valued at approximately $125,000. Beacon Capital Management Inc. bought a new position in shares of DoubleLine Opportunistic Bond ETF during the second quarter valued at approximately $165,000. Triad Wealth Partners LLC bought a new position in shares of DoubleLine Opportunistic Bond ETF during the third quarter valued at approximately $215,000. Finally, NWF Advisory Services Inc. bought a new position in shares of DoubleLine Opportunistic Bond ETF during the second quarter valued at approximately $258,000.

DoubleLine Opportunistic Bond ETF Stock Up 0.2%

Shares of NYSEARCA DBND opened at $45.72 on Wednesday. DoubleLine Opportunistic Bond ETF has a fifty-two week low of $44.92 and a fifty-two week high of $47.05. The company has a 50 day simple moving average of $46.25 and a two-hundred day simple moving average of $46.41.

DoubleLine Opportunistic Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1662 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

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.