Hobbs Group Advisors LLC acquired a new position in DoubleLine Mortgage ETF (NYSEARCA:DMBS – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 57,199 shares of the company’s stock, valued at approximately $2,882,000. DoubleLine Mortgage ETF comprises about 1.0% of Hobbs Group Advisors LLC’s holdings, making the stock its 18th biggest holding.
Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC purchased a new position in shares of DoubleLine Mortgage ETF in the second quarter worth approximately $46,000. Peterson Financial Group Inc. purchased a new position in shares of DoubleLine Mortgage ETF in the third quarter worth approximately $129,000. AlphaStar Capital Management LLC purchased a new position in shares of DoubleLine Mortgage ETF in the second quarter worth approximately $249,000. Latitude Advisors LLC purchased a new position in shares of DoubleLine Mortgage ETF in the third quarter worth approximately $300,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of DoubleLine Mortgage ETF by 10.2% in the third quarter. Orion Portfolio Solutions LLC now owns 7,784 shares of the company’s stock worth $392,000 after buying an additional 722 shares during the last quarter.
DoubleLine Mortgage ETF Price Performance
DMBS opened at $49.03 on Wednesday. The company’s 50 day moving average is $48.99 and its 200 day moving average is $49.16. DoubleLine Mortgage ETF has a 12-month low of $47.00 and a 12-month 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.
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