Gradient Investments LLC Purchases 87,563 Shares of DoubleLine Asset-Backed Securities ETF $DABS

Gradient Investments LLC boosted its position in shares of DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,098,513 shares of the company’s stock after acquiring an additional 87,563 shares during the period. DoubleLine Asset-Backed Securities ETF accounts for 0.9% of Gradient Investments LLC’s investment portfolio, making the stock its 28th biggest holding. Gradient Investments LLC owned approximately 60.36% of DoubleLine Asset-Backed Securities ETF worth $55,925,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DABS. Basso Capital Management L.P. increased its stake in shares of DoubleLine Asset-Backed Securities ETF by 133.3% in the third quarter. Basso Capital Management L.P. now owns 3,500 shares of the company’s stock worth $179,000 after purchasing an additional 2,000 shares during the period. A4 Wealth Advisors LLC bought a new stake in DoubleLine Asset-Backed Securities ETF during the 3rd quarter valued at approximately $390,000. Naples Global Advisors LLC acquired a new stake in DoubleLine Asset-Backed Securities ETF in the 3rd quarter valued at approximately $407,000. Flow Traders U.S. LLC acquired a new stake in DoubleLine Asset-Backed Securities ETF in the 3rd quarter valued at approximately $1,853,000. Finally, Paladin Wealth LLC increased its position in DoubleLine Asset-Backed Securities ETF by 7.0% in the 3rd quarter. Paladin Wealth LLC now owns 36,570 shares of the company’s stock worth $1,868,000 after buying an additional 2,393 shares during the period.

DoubleLine Asset-Backed Securities ETF Trading Down 0.3%

Shares of DABS stock opened at $50.74 on Monday. DoubleLine Asset-Backed Securities ETF has a 12 month low of $49.49 and a 12 month high of $54.15. The stock has a 50 day moving average of $51.04 and a 200-day moving average of $51.01.

About DoubleLine Asset-Backed Securities ETF

The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.