DoubleLine Mortgage ETF (NYSEARCA:DMBS) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC cut its position in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 0.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 306,307 shares of the company’s stock after selling 2,418 shares during the period. Park Avenue Securities LLC’s holdings in DoubleLine Mortgage ETF were worth $14,733,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Paladin Wealth LLC purchased a new position in shares of DoubleLine Mortgage ETF during the 3rd quarter valued at $1,377,000. AMI Investment Management Inc. grew its stake in DoubleLine Mortgage ETF by 0.7% in the third quarter. AMI Investment Management Inc. now owns 211,126 shares of the company’s stock valued at $10,639,000 after purchasing an additional 1,396 shares in the last quarter. Brown Financial Advisors acquired a new position in DoubleLine Mortgage ETF in the 2nd quarter worth about $7,030,000. Mattson Financial Services LLC purchased a new stake in shares of DoubleLine Mortgage ETF during the 2nd quarter worth about $6,902,000. Finally, Foundations Investment Advisors LLC raised its stake in shares of DoubleLine Mortgage ETF by 743.1% during the 3rd quarter. Foundations Investment Advisors LLC now owns 204,038 shares of the company’s stock worth $10,281,000 after purchasing an additional 179,837 shares in the last quarter.

DoubleLine Mortgage ETF Stock Performance

NYSEARCA:DMBS opened at $47.42 on Wednesday. The stock’s 50 day moving average price is $48.42 and its 200 day moving average price is $49.13. DoubleLine Mortgage ETF has a 52 week low of $47.00 and a 52 week high of $50.71.

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.