Gradient Investments LLC Purchases 2,658,526 Shares of DoubleLine Mortgage ETF $DMBS

Gradient Investments LLC purchased a new position in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,658,526 shares of the company’s stock, valued at approximately $123,116,000. DoubleLine Mortgage ETF makes up 1.8% of Gradient Investments LLC’s portfolio, making the stock its 8th largest position. Gradient Investments LLC owned 0.18% of DoubleLine Mortgage ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DMBS. Strong Retirement Solutions LLC lifted its position in shares of DoubleLine Mortgage ETF by 6.5% in the third quarter. Strong Retirement Solutions LLC now owns 5,936 shares of the company’s stock valued at $275,000 after buying an additional 360 shares during the last quarter. Milestones Private Investment Advisors LLC grew its position in shares of DoubleLine Mortgage ETF by 2.2% during the 1st quarter. Milestones Private Investment Advisors LLC now owns 32,887 shares of the company’s stock worth $1,624,000 after purchasing an additional 718 shares in the last quarter. Root Financial Partners LLC acquired a new stake in DoubleLine Mortgage ETF during the first quarter worth approximately $48,000. Royal Bank of Canada bought a new position in DoubleLine Mortgage ETF in the 1st quarter valued at about $51,000. Finally, Financial Guidance Group Inc. grew its position in DoubleLine Mortgage ETF by 17.2% in the first quarter. Financial Guidance Group Inc. now owns 7,912 shares of the company’s stock valued at $391,000 after acquiring an additional 1,161 shares during the last quarter.

DoubleLine Mortgage ETF Stock Performance

Shares of DMBS stock traded up $0.17 during mid-day trading on Thursday, reaching $46.26. 26,637 shares of the stock traded hands, compared to its average volume of 80,919. DoubleLine Mortgage ETF has a 1-year low of $45.86 and a 1-year high of $50.54. The stock’s fifty day simple moving average is $47.63 and its two-hundred day simple moving average is $48.52.

DoubleLine Mortgage ETF 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.