NewEdge Advisors LLC lowered its position in DoubleLine Mortgage ETF (NYSEARCA:DMBS – Free Report) by 71.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,053 shares of the company’s stock after selling 29,721 shares during the quarter. NewEdge Advisors LLC owned 0.09% of DoubleLine Mortgage ETF worth $595,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Advocacy Wealth Management LLC purchased a new stake in shares of DoubleLine Mortgage ETF in the 4th quarter worth about $48,488,000. Captrust Financial Advisors purchased a new position in DoubleLine Mortgage ETF during the 4th quarter valued at about $46,036,000. Cambridge Associates LLC MA ADV acquired a new position in DoubleLine Mortgage ETF during the fourth quarter worth about $20,302,000. Compound Planning Inc. raised its position in DoubleLine Mortgage ETF by 1,467.1% during the fourth quarter. Compound Planning Inc. now owns 272,928 shares of the company’s stock worth $13,552,000 after acquiring an additional 255,512 shares during the last quarter. Finally, Mariner LLC purchased a new stake in shares of DoubleLine Mortgage ETF in the fourth quarter valued at about $8,293,000.
DoubleLine Mortgage ETF Trading Down 0.1%
DMBS stock opened at $48.15 on Tuesday. The company’s 50 day simple moving average is $48.78 and its 200-day simple moving average is $49.29. DoubleLine Mortgage ETF has a 12 month low of $48.07 and a 12 month high of $50.54.
DoubleLine Mortgage ETF Company 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.
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