Envestnet Asset Management Inc. Has $30.22 Million Stock Position in DoubleLine Opportunistic Bond ETF $DBND

Envestnet Asset Management Inc. boosted its holdings in shares of DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) by 86.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 649,397 shares of the company’s stock after purchasing an additional 300,484 shares during the period. Envestnet Asset Management Inc. owned about 5.34% of DoubleLine Opportunistic Bond ETF worth $30,216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Beacon Capital Management Inc. bought a new stake in shares of DoubleLine Opportunistic Bond ETF during the 2nd quarter worth $165,000. Triad Wealth Partners LLC acquired a new stake in shares of DoubleLine Opportunistic Bond ETF in the 3rd quarter valued at approximately $215,000. NWF Advisory Services Inc. acquired a new stake in shares of DoubleLine Opportunistic Bond ETF in the 2nd quarter valued at approximately $258,000. Stewardship Advisors LLC grew its holdings in shares of DoubleLine Opportunistic Bond ETF by 22.3% during the 3rd quarter. Stewardship Advisors LLC now owns 6,660 shares of the company’s stock valued at $310,000 after purchasing an additional 1,214 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in DoubleLine Opportunistic Bond ETF by 11.4% during the 2nd quarter. Osaic Holdings Inc. now owns 7,350 shares of the company’s stock worth $340,000 after purchasing an additional 751 shares in the last quarter.

DoubleLine Opportunistic Bond ETF Price Performance

Shares of NYSEARCA:DBND opened at $46.65 on Friday. DoubleLine Opportunistic Bond ETF has a one year low of $44.92 and a one year high of $47.05. The firm has a 50 day simple moving average of $46.42 and a 200 day simple moving average of $46.43.

DoubleLine Opportunistic Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were issued a dividend of $0.1671 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.3%.

DoubleLine Opportunistic Bond ETF Company Profile

The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years. DBND was launched on Mar 31, 2022 and is managed by DoubleLine.