Farther Finance Advisors LLC Trims Stake in DoubleLine Mortgage ETF (NYSEARCA:DMBS)

Farther Finance Advisors LLC lessened its holdings in DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 79.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,701 shares of the company’s stock after selling 86,682 shares during the period. Farther Finance Advisors LLC owned 0.36% of DoubleLine Mortgage ETF worth $1,092,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new stake in DoubleLine Mortgage ETF during the third quarter valued at approximately $129,000. Lord & Richards Wealth Management LLC bought a new stake in shares of DoubleLine Mortgage ETF during the 4th quarter worth $274,000. Orion Portfolio Solutions LLC grew its position in DoubleLine Mortgage ETF by 10.2% in the third quarter. Orion Portfolio Solutions LLC now owns 7,784 shares of the company’s stock worth $392,000 after acquiring an additional 722 shares in the last quarter. Canandaigua National Trust Co of Florida bought a new position in DoubleLine Mortgage ETF in the fourth quarter valued at $545,000. Finally, Maripau Wealth Management LLC raised its position in DoubleLine Mortgage ETF by 21.2% during the fourth quarter. Maripau Wealth Management LLC now owns 13,105 shares of the company’s stock valued at $630,000 after purchasing an additional 2,296 shares in the last quarter.

DoubleLine Mortgage ETF Trading Down 0.3 %

DMBS opened at $48.80 on Friday. The stock has a 50-day moving average price of $48.39 and a 200-day moving average price of $48.94. DoubleLine Mortgage ETF has a 12-month low of $47.00 and a 12-month high of $50.71.

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.