Savvy Advisors Inc. Grows Holdings in DoubleLine Mortgage ETF $DMBS

Savvy Advisors Inc. boosted its position in DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 12.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,463 shares of the company’s stock after buying an additional 22,643 shares during the quarter. Savvy Advisors Inc. owned 1.55% of DoubleLine Mortgage ETF worth $10,451,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lord & Richards Wealth Management LLC increased its position in shares of DoubleLine Mortgage ETF by 4.6% during the fourth quarter. Lord & Richards Wealth Management LLC now owns 105,459 shares of the company’s stock worth $5,237,000 after acquiring an additional 4,632 shares during the last quarter. Paladin Wealth LLC boosted its holdings in DoubleLine Mortgage ETF by 11.1% in the fourth quarter. Paladin Wealth LLC now owns 98,068 shares of the company’s stock valued at $4,870,000 after purchasing an additional 9,806 shares during the last quarter. AMI Investment Management Inc. boosted its holdings in DoubleLine Mortgage ETF by 39.0% in the fourth quarter. AMI Investment Management Inc. now owns 238,206 shares of the company’s stock valued at $11,828,000 after purchasing an additional 66,830 shares during the last quarter. Mather Group LLC. grew its stake in DoubleLine Mortgage ETF by 2.8% during the 4th quarter. Mather Group LLC. now owns 83,297 shares of the company’s stock valued at $4,136,000 after purchasing an additional 2,301 shares in the last quarter. Finally, Signal Advisors Wealth LLC grew its stake in DoubleLine Mortgage ETF by 13.3% during the 4th quarter. Signal Advisors Wealth LLC now owns 287,160 shares of the company’s stock valued at $14,259,000 after purchasing an additional 33,820 shares in the last quarter.

DoubleLine Mortgage ETF Stock Performance

DMBS stock opened at $49.30 on Friday. The stock’s 50 day moving average is $49.78 and its two-hundred day moving average is $49.78. DoubleLine Mortgage ETF has a 52-week low of $46.84 and a 52-week high of $50.54.

DoubleLine Mortgage ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a $0.2122 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. This is a boost from DoubleLine Mortgage ETF’s previous monthly dividend of $0.21. The ex-dividend date was Monday, March 2nd.

DoubleLine Mortgage ETF 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.