DoubleLine Mortgage ETF (NYSEARCA:DMBS) is Brown Financial Advisors’ 4th Largest Position

Brown Financial Advisors lifted its holdings in DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 81.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 169,927 shares of the company’s stock after buying an additional 76,411 shares during the quarter. DoubleLine Mortgage ETF makes up about 3.3% of Brown Financial Advisors’ portfolio, making the stock its 4th biggest position. Brown Financial Advisors owned 2.70% of DoubleLine Mortgage ETF worth $8,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Peterson Financial Group Inc. purchased a new stake in DoubleLine Mortgage ETF in the 3rd quarter valued at about $129,000. Lord & Richards Wealth Management LLC bought a new stake in shares of DoubleLine Mortgage ETF during the fourth quarter valued at approximately $274,000. Latitude Advisors LLC purchased a new stake in shares of DoubleLine Mortgage ETF in the third quarter valued at approximately $300,000. Orion Portfolio Solutions LLC grew its stake in 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 purchasing an additional 722 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida purchased a new position in DoubleLine Mortgage ETF during the 4th quarter worth $545,000.

DoubleLine Mortgage ETF Price Performance

Shares of NYSEARCA DMBS opened at $48.67 on Tuesday. DoubleLine Mortgage ETF has a twelve month low of $47.00 and a twelve month high of $50.71. The business has a fifty day simple moving average of $48.14 and a two-hundred day simple moving average of $49.01.

DoubleLine Mortgage ETF Company 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.