Advocacy Wealth Management Services LLC Takes Position in DoubleLine Mortgage ETF (NYSEARCA:DMBS)

Advocacy Wealth Management Services LLC bought a new position in DoubleLine Mortgage ETF (NYSEARCA:DMBS) during the first quarter, according to its most recent filing with the SEC. The firm bought 788,808 shares of the company’s stock, valued at approximately $38,410,000. DoubleLine Mortgage ETF makes up 3.3% of Advocacy Wealth Management Services LLC’s investment portfolio, making the stock its 10th largest holding. Advocacy Wealth Management Services LLC owned approximately 39.05% of DoubleLine Mortgage ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DMBS. Integrated Capital Management Inc. purchased a new stake in shares of DoubleLine Mortgage ETF in the first quarter worth approximately $5,993,000. Cravens & Co Advisors LLC lifted its stake in DoubleLine Mortgage ETF by 5.5% during the 1st quarter. Cravens & Co Advisors LLC now owns 24,545 shares of the company’s stock valued at $1,195,000 after acquiring an additional 1,275 shares in the last quarter. Tortoise Investment Management LLC purchased a new position in DoubleLine Mortgage ETF during the 4th quarter worth $10,377,000. Congress Wealth Management LLC DE bought a new stake in shares of DoubleLine Mortgage ETF in the 4th quarter worth $21,017,000. Finally, ORG Partners LLC purchased a new stake in shares of DoubleLine Mortgage ETF in the fourth quarter valued at about $46,000.

DoubleLine Mortgage ETF Stock Up 0.2 %

DoubleLine Mortgage ETF stock traded up $0.09 during midday trading on Thursday, hitting $48.43. 6,521 shares of the stock were exchanged, compared to its average volume of 50,194. DoubleLine Mortgage ETF has a 52-week low of $45.27 and a 52-week high of $49.72. The business’s 50-day moving average price is $47.93 and its 200-day moving average price is $48.40.

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.