Envestnet Asset Management Inc. Has $22.59 Million Stake in DoubleLine Mortgage ETF (NYSEARCA:DMBS)

Envestnet Asset Management Inc. boosted its stake in DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 6.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,558 shares of the company’s stock after buying an additional 26,066 shares during the quarter. Envestnet Asset Management Inc. owned approximately 5.76% of DoubleLine Mortgage ETF worth $22,590,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC boosted its position in shares of DoubleLine Mortgage ETF by 1,089.2% during the fourth quarter. Parallel Advisors LLC now owns 7,730 shares of the company’s stock worth $372,000 after buying an additional 7,080 shares during the period. Congress Wealth Management LLC DE boosted its position in DoubleLine Mortgage ETF by 9.8% during the fourth quarter. Congress Wealth Management LLC DE now owns 551,338 shares of the company’s stock valued at $26,519,000 after purchasing an additional 48,980 shares during the last quarter. Hobbs Group Advisors LLC lifted its position in shares of DoubleLine Mortgage ETF by 53.0% in the fourth quarter. Hobbs Group Advisors LLC now owns 87,504 shares of the company’s stock valued at $4,209,000 after buying an additional 30,305 shares during the last quarter. Savvy Advisors Inc. acquired a new stake in shares of DoubleLine Mortgage ETF in the fourth quarter valued at approximately $5,254,000. Finally, Evergreen Capital Management LLC acquired a new stake in shares of DoubleLine Mortgage ETF in the fourth quarter valued at approximately $12,222,000.

DoubleLine Mortgage ETF Price Performance

NYSEARCA DMBS opened at $48.33 on Wednesday. DoubleLine Mortgage ETF has a twelve month low of $46.84 and a twelve month high of $50.71. The business’s fifty day moving average is $48.41 and its 200 day moving average is $48.47.

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.