DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Trading 0.2% Higher – Time to Buy?

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) shares traded up 0.2% during mid-day trading on Monday . The company traded as high as $50.10 and last traded at $50.04. 5,887 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 12,750 shares. The stock had previously closed at $49.92.

DoubleLine Multi-Sector Income ETF Stock Performance

The business has a fifty day moving average of $50.54 and a two-hundred day moving average of $50.53.

Hedge Funds Weigh In On DoubleLine Multi-Sector Income ETF

Several institutional investors and hedge funds have recently modified their holdings of DMX. Foundations Investment Advisors LLC raised its position in shares of DoubleLine Multi-Sector Income ETF by 52.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 249,936 shares of the company’s stock valued at $12,627,000 after purchasing an additional 86,308 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of DoubleLine Multi-Sector Income ETF by 3.8% during the 4th quarter. Sanctuary Advisors LLC now owns 125,612 shares of the company’s stock worth $6,346,000 after buying an additional 4,638 shares during the period. Seascape Capital Management grew its stake in DoubleLine Multi-Sector Income ETF by 21.6% in the 4th quarter. Seascape Capital Management now owns 147,324 shares of the company’s stock valued at $7,443,000 after buying an additional 26,216 shares during the last quarter. Hippocratic Financial Advisors LLC grew its stake in DoubleLine Multi-Sector Income ETF by 13.2% in the 4th quarter. Hippocratic Financial Advisors LLC now owns 539,903 shares of the company’s stock valued at $27,276,000 after buying an additional 62,856 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new position in DoubleLine Multi-Sector Income ETF in the 3rd quarter valued at about $756,000.

About DoubleLine Multi-Sector Income ETF

The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities. DMX was launched on Nov 29, 2024 and is issued by DoubleLine.