DoubleLine Mortgage ETF $DMBS Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its stake in DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 71.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,053 shares of the company’s stock after selling 29,721 shares during the period. NewEdge Advisors LLC owned about 0.09% of DoubleLine Mortgage ETF worth $595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DMBS. Advocacy Wealth Management LLC acquired a new stake in shares of DoubleLine Mortgage ETF in the fourth quarter valued at $48,488,000. Captrust Financial Advisors acquired a new position in DoubleLine Mortgage ETF in the 4th quarter valued at about $46,036,000. Osaic Holdings Inc. increased its stake in DoubleLine Mortgage ETF by 5.4% during the fourth quarter. Osaic Holdings Inc. now owns 781,023 shares of the company’s stock worth $38,782,000 after purchasing an additional 40,253 shares during the period. Bank of New York Mellon Corp lifted its position in shares of DoubleLine Mortgage ETF by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 727,272 shares of the company’s stock worth $35,913,000 after purchasing an additional 8,150 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake in shares of DoubleLine Mortgage ETF by 33.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 576,507 shares of the company’s stock valued at $28,626,000 after purchasing an additional 145,142 shares during the period.

DoubleLine Mortgage ETF Stock Performance

Shares of DMBS stock opened at $48.22 on Friday. The company has a 50 day moving average price of $48.63 and a 200 day moving average price of $49.15. DoubleLine Mortgage ETF has a fifty-two week low of $48.07 and a fifty-two week high of $50.54.

About DoubleLine Mortgage ETF

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.