Envestnet Asset Management Inc. Has $22.47 Million Stock Holdings in DoubleLine Mortgage ETF $DMBS

Envestnet Asset Management Inc. trimmed its stake in DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 457,903 shares of the company’s stock after selling 2,655 shares during the quarter. Envestnet Asset Management Inc. owned approximately 4.69% of DoubleLine Mortgage ETF worth $22,469,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DMBS. Gradient Investments LLC increased its holdings in shares of DoubleLine Mortgage ETF by 5.9% in the second quarter. Gradient Investments LLC now owns 1,875,326 shares of the company’s stock valued at $92,022,000 after purchasing an additional 103,867 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew its stake in DoubleLine Mortgage ETF by 4.3% during the first quarter. Cobblestone Capital Advisors LLC NY now owns 942,460 shares of the company’s stock worth $46,228,000 after buying an additional 38,701 shares in the last quarter. CW Advisors LLC lifted its stake in DoubleLine Mortgage ETF by 6.0% during the first quarter. CW Advisors LLC now owns 584,493 shares of the company’s stock worth $28,669,000 after purchasing an additional 33,155 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in DoubleLine Mortgage ETF by 123.8% in the first quarter. Evergreen Capital Management LLC now owns 568,595 shares of the company’s stock valued at $27,890,000 after buying an additional 314,494 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in DoubleLine Mortgage ETF by 2.6% during the 1st quarter. Tortoise Investment Management LLC now owns 299,259 shares of the company’s stock worth $14,679,000 after purchasing an additional 7,498 shares in the last quarter.

DoubleLine Mortgage ETF Stock Performance

Shares of DMBS stock opened at $49.69 on Wednesday. The stock’s fifty day simple moving average is $49.79 and its 200 day simple moving average is $49.02. DoubleLine Mortgage ETF has a twelve month low of $46.84 and a twelve month high of $50.21.

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.