Foundations Investment Advisors LLC Purchases 179,837 Shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS)

Foundations Investment Advisors LLC grew its position in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 743.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 204,038 shares of the company’s stock after purchasing an additional 179,837 shares during the quarter. Foundations Investment Advisors LLC owned approximately 3.24% of DoubleLine Mortgage ETF worth $10,281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advocacy Wealth Management Services LLC bought a new stake in DoubleLine Mortgage ETF during the 1st quarter worth approximately $38,410,000. AMI Investment Management Inc. grew its position in shares of DoubleLine Mortgage ETF by 9.9% in the 1st quarter. AMI Investment Management Inc. now owns 197,471 shares of the company’s stock valued at $9,615,000 after buying an additional 17,798 shares during the last quarter. Congress Wealth Management LLC DE increased its stake in shares of DoubleLine Mortgage ETF by 13.9% in the first quarter. Congress Wealth Management LLC DE now owns 483,664 shares of the company’s stock valued at $23,551,000 after buying an additional 58,995 shares during the period. SeaBridge Investment Advisors LLC increased its stake in shares of DoubleLine Mortgage ETF by 4.5% in the first quarter. SeaBridge Investment Advisors LLC now owns 19,002 shares of the company’s stock valued at $925,000 after buying an additional 810 shares during the period. Finally, Motley Fool Wealth Management LLC bought a new position in shares of DoubleLine Mortgage ETF during the first quarter worth about $1,552,000.

DoubleLine Mortgage ETF Stock Down 0.6 %

DoubleLine Mortgage ETF stock opened at $49.09 on Tuesday. The stock’s 50 day moving average is $50.06 and its 200 day moving average is $48.87. DoubleLine Mortgage ETF has a one year low of $45.27 and a one 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.