Gradient Investments LLC Reduces Stock Position in DoubleLine Asset-Backed Securities ETF $DABS

Gradient Investments LLC lessened its position in DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) by 2.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,208,993 shares of the company’s stock after selling 32,260 shares during the period. DoubleLine Asset-Backed Securities ETF accounts for 0.8% of Gradient Investments LLC’s investment portfolio, making the stock its 28th biggest position. Gradient Investments LLC owned approximately 43.18% of DoubleLine Asset-Backed Securities ETF worth $61,270,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Empowered Funds LLC purchased a new stake in shares of DoubleLine Asset-Backed Securities ETF during the first quarter worth about $2,195,000. Legacy Capital Group California Inc. bought a new position in DoubleLine Asset-Backed Securities ETF during the 1st quarter valued at approximately $264,000. Beam Wealth Advisors Inc. lifted its holdings in DoubleLine Asset-Backed Securities ETF by 20.7% in the 1st quarter. Beam Wealth Advisors Inc. now owns 333,511 shares of the company’s stock worth $16,938,000 after buying an additional 57,132 shares during the period. Root Financial Partners LLC bought a new stake in shares of DoubleLine Asset-Backed Securities ETF in the 1st quarter worth approximately $31,000. Finally, Ritholtz Wealth Management purchased a new position in shares of DoubleLine Asset-Backed Securities ETF during the first quarter valued at approximately $328,000.

DoubleLine Asset-Backed Securities ETF Price Performance

DABS opened at $50.36 on Friday. The stock’s 50 day moving average price is $50.45 and its 200-day moving average price is $50.70. DoubleLine Asset-Backed Securities ETF has a 52-week low of $50.15 and a 52-week high of $51.52.

DoubleLine Asset-Backed Securities ETF Company Profile

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.