AMI Investment Management Inc. Boosts Position in DoubleLine Mortgage ETF (NYSEARCA:DMBS)

AMI Investment Management Inc. raised its stake in DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 9.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 197,471 shares of the company’s stock after buying an additional 17,798 shares during the quarter. DoubleLine Mortgage ETF makes up about 3.5% of AMI Investment Management Inc.’s investment portfolio, making the stock its 7th largest holding. AMI Investment Management Inc. owned about 9.78% of DoubleLine Mortgage ETF worth $9,615,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Cravens & Co Advisors LLC raised its stake in shares of DoubleLine Mortgage ETF by 1.7% during the third quarter. Cravens & Co Advisors LLC now owns 24,660 shares of the company’s stock valued at $1,159,000 after purchasing an additional 423 shares in the last quarter. ORG Partners LLC bought a new stake in DoubleLine Mortgage ETF in the fourth quarter worth about $46,000. Ancora Advisors LLC raised its position in DoubleLine Mortgage ETF by 200.0% in the third quarter. Ancora Advisors LLC now owns 3,000 shares of the company’s stock worth $141,000 after acquiring an additional 2,000 shares in the last quarter. Mutual Advisors LLC bought a new stake in DoubleLine Mortgage ETF in the third quarter worth about $294,000. Finally, Sugarloaf Wealth Management LLC raised its position in DoubleLine Mortgage ETF by 32.5% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 48,061 shares of the company’s stock worth $2,379,000 after acquiring an additional 11,790 shares in the last quarter.

DoubleLine Mortgage ETF Price Performance

DoubleLine Mortgage ETF stock traded down $0.20 during midday trading on Friday, hitting $48.25. The company’s stock had a trading volume of 29,029 shares, compared to its average volume of 50,103. The stock’s 50-day moving average price is $47.97 and its 200-day moving average price is $48.41. DoubleLine Mortgage ETF has a 12 month low of $45.27 and a 12 month high of $49.72.

About DoubleLine Mortgage ETF

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.