DoubleLine Opportunistic Bond ETF $DBND is Benchmark Financial Wealth Advisors LLC’s 4th Largest Position

Benchmark Financial Wealth Advisors LLC lifted its stake in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) by 18.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 492,384 shares of the company’s stock after purchasing an additional 77,567 shares during the quarter. DoubleLine Opportunistic Bond ETF comprises 6.6% of Benchmark Financial Wealth Advisors LLC’s portfolio, making the stock its 4th biggest holding. Benchmark Financial Wealth Advisors LLC owned about 3.62% of DoubleLine Opportunistic Bond ETF worth $22,829,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Journey Advisory Group LLC boosted its holdings in shares of DoubleLine Opportunistic Bond ETF by 113.8% in the 4th quarter. Journey Advisory Group LLC now owns 125,136 shares of the company’s stock worth $5,802,000 after purchasing an additional 66,607 shares during the period. Holcombe Financial Inc. purchased a new position in shares of DoubleLine Opportunistic Bond ETF in the 4th quarter worth approximately $11,095,000. Cornerstone Wealth Group LLC boosted its holdings in shares of DoubleLine Opportunistic Bond ETF by 3.3% in the 4th quarter. Cornerstone Wealth Group LLC now owns 47,804 shares of the company’s stock worth $2,216,000 after purchasing an additional 1,541 shares during the period. CWM LLC lifted its stake in shares of DoubleLine Opportunistic Bond ETF by 18.5% during the 4th quarter. CWM LLC now owns 1,622,210 shares of the company’s stock worth $75,213,000 after acquiring an additional 253,382 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of DoubleLine Opportunistic Bond ETF by 5,775.0% during the 4th quarter. Farther Finance Advisors LLC now owns 2,820 shares of the company’s stock worth $131,000 after acquiring an additional 2,772 shares during the last quarter.

DoubleLine Opportunistic Bond ETF Price Performance

Shares of DBND stock opened at $46.15 on Monday. DoubleLine Opportunistic Bond ETF has a 52-week low of $45.12 and a 52-week high of $47.05. The stock has a 50 day moving average price of $46.18 and a 200 day moving average price of $46.38.

DoubleLine Opportunistic Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1662 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.3%.

DoubleLine Opportunistic Bond ETF 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.