Foundations Investment Advisors LLC Boosts Stake in Doubleline Fortune 500 Equal Weight ETF $DFVE

Foundations Investment Advisors LLC lifted its holdings in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) by 36.7% in the 4th quarter, Holdings Channel reports. The firm owned 447,005 shares of the company’s stock after acquiring an additional 119,991 shares during the period. Foundations Investment Advisors LLC owned 0.57% of Doubleline Fortune 500 Equal Weight ETF worth $14,262,000 as of its most recent SEC filing.

Separately, Mutual Advisors LLC raised its stake in shares of Doubleline Fortune 500 Equal Weight ETF by 4.4% in the fourth quarter. Mutual Advisors LLC now owns 8,217 shares of the company’s stock worth $262,000 after purchasing an additional 347 shares during the last quarter.

Doubleline Fortune 500 Equal Weight ETF Price Performance

DFVE stock opened at $34.92 on Thursday. The stock has a market capitalization of $31.43 million, a P/E ratio of 15.69 and a beta of 0.85. The business has a fifty day moving average price of $33.68 and a 200-day moving average price of $33.06. Doubleline Fortune 500 Equal Weight ETF has a 1-year low of $28.33 and a 1-year high of $35.19.

About Doubleline Fortune 500 Equal Weight ETF

The DoubleLine Fortune 500 Equal Weight ETF (DFVE) is an exchange-traded fund that is based on the Barclays Fortune 500 Equal Weighted index. The fund tracks an equal-weighted index of US stocks, selected based on revenue. The portfolio is constructed from the Fortune 500 list. DFVE was launched on Jan 31, 2024 and is issued by DoubleLine.