DoubleLine Mortgage ETF $DMBS is Gradient Investments LLC’s 6th Largest Position

Gradient Investments LLC raised its holdings in DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 28.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,406,817 shares of the company’s stock after purchasing an additional 531,491 shares during the quarter. DoubleLine Mortgage ETF accounts for 2.0% of Gradient Investments LLC’s holdings, making the stock its 6th largest holding. Gradient Investments LLC owned 22.41% of DoubleLine Mortgage ETF worth $119,571,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Evergreen Capital Management LLC raised its holdings in DoubleLine Mortgage ETF by 13.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 645,725 shares of the company’s stock valued at $31,686,000 after buying an additional 77,130 shares during the period. Tortoise Investment Management LLC raised its stake in shares of DoubleLine Mortgage ETF by 6.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 320,021 shares of the company’s stock valued at $15,703,000 after acquiring an additional 20,762 shares during the period. Paladin Wealth LLC lifted its holdings in shares of DoubleLine Mortgage ETF by 13.1% in the 2nd quarter. Paladin Wealth LLC now owns 65,501 shares of the company’s stock worth $3,214,000 after acquiring an additional 7,599 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of DoubleLine Mortgage ETF by 69.2% during the 2nd quarter. Parallel Advisors LLC now owns 14,049 shares of the company’s stock worth $689,000 after purchasing an additional 5,747 shares during the period. Finally, Mattson Financial Services LLC increased its holdings in DoubleLine Mortgage ETF by 4.9% in the 2nd quarter. Mattson Financial Services LLC now owns 211,099 shares of the company’s stock valued at $10,359,000 after purchasing an additional 9,869 shares during the last quarter.

DoubleLine Mortgage ETF Price Performance

Shares of NYSEARCA DMBS opened at $49.76 on Wednesday. The business’s 50 day moving average is $49.82 and its two-hundred day moving average is $49.31. DoubleLine Mortgage ETF has a 52-week low of $46.84 and a 52-week 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.