Comerica Bank Reduces Stock Position in DoubleLine Mortgage ETF $DMBS

Comerica Bank cut its stake in DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 75.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,403 shares of the company’s stock after selling 10,462 shares during the period. Comerica Bank’s holdings in DoubleLine Mortgage ETF were worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in DMBS. Gradient Investments LLC grew its position in shares of DoubleLine Mortgage ETF by 10.2% in the fourth quarter. Gradient Investments LLC now owns 2,653,434 shares of the company’s stock valued at $131,756,000 after purchasing an additional 246,617 shares in the last quarter. Foundations Investment Advisors LLC grew its position in shares of DoubleLine Mortgage ETF by 27.4% in the third quarter. Foundations Investment Advisors LLC now owns 431,365 shares of the company’s stock valued at $21,430,000 after purchasing an additional 92,828 shares in the last quarter. Tortoise Investment Management LLC increased its stake in DoubleLine Mortgage ETF by 26.1% during the third quarter. Tortoise Investment Management LLC now owns 403,640 shares of the company’s stock worth $20,053,000 after acquiring an additional 83,619 shares during the last quarter. AMI Investment Management Inc. increased its stake in DoubleLine Mortgage ETF by 39.0% during the fourth quarter. AMI Investment Management Inc. now owns 238,206 shares of the company’s stock worth $11,828,000 after acquiring an additional 66,830 shares during the last quarter. Finally, Savvy Advisors Inc. increased its stake in DoubleLine Mortgage ETF by 40.1% during the third quarter. Savvy Advisors Inc. now owns 187,820 shares of the company’s stock worth $9,331,000 after acquiring an additional 53,729 shares during the last quarter.

DoubleLine Mortgage ETF Price Performance

DMBS stock opened at $48.57 on Friday. The business has a fifty day moving average of $49.38 and a two-hundred day moving average of $49.69. DoubleLine Mortgage ETF has a 52-week low of $47.74 and a 52-week high of $50.54.

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.