Brown Financial Advisors Has $4.71 Million Position in DoubleLine Mortgage ETF (NYSEARCA:DMBS)

Brown Financial Advisors trimmed its position in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 35.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,516 shares of the company’s stock after selling 52,179 shares during the quarter. DoubleLine Mortgage ETF accounts for 1.9% of Brown Financial Advisors’ investment portfolio, making the stock its 10th largest holding. Brown Financial Advisors owned 1.48% of DoubleLine Mortgage ETF worth $4,712,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. ORG Partners LLC bought a new position in shares of DoubleLine Mortgage ETF during the 2nd quarter valued at about $46,000. Legacy CG LLC bought a new position in shares of DoubleLine Mortgage ETF during the second quarter worth $12,090,000. AMI Investment Management Inc. raised its position in shares of DoubleLine Mortgage ETF by 6.2% during the 2nd quarter. AMI Investment Management Inc. now owns 209,730 shares of the company’s stock valued at $10,119,000 after buying an additional 12,259 shares in the last quarter. AlphaStar Capital Management LLC purchased a new stake in shares of DoubleLine Mortgage ETF in the second quarter worth approximately $249,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co grew its position in shares of DoubleLine Mortgage ETF by 4.4% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 147,391 shares of the company’s stock worth $7,112,000 after buying an additional 6,260 shares in the last quarter.

DoubleLine Mortgage ETF Trading Down 0.3 %

NYSEARCA:DMBS opened at $49.06 on Tuesday. The company’s fifty day moving average price is $49.02 and its 200-day moving average price is $49.15. DoubleLine Mortgage ETF has a 1-year low of $47.00 and a 1-year 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.