Park Avenue Securities LLC Invests $15.56 Million in DoubleLine Mortgage ETF (NYSEARCA:DMBS)

Park Avenue Securities LLC purchased a new stake in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 308,725 shares of the company’s stock, valued at approximately $15,557,000. Park Avenue Securities LLC owned about 4.90% of DoubleLine Mortgage ETF as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DMBS. Advocacy Wealth Management Services LLC bought a new position in shares of DoubleLine Mortgage ETF during the first quarter valued at about $38,410,000. Legacy CG LLC purchased a new stake in DoubleLine Mortgage ETF in the 2nd quarter worth approximately $12,090,000. Tortoise Investment Management LLC bought a new stake in shares of DoubleLine Mortgage ETF in the 4th quarter worth approximately $10,377,000. Brown Financial Advisors purchased a new position in shares of DoubleLine Mortgage ETF during the second quarter valued at approximately $7,030,000. Finally, Mattson Financial Services LLC bought a new position in shares of DoubleLine Mortgage ETF during the second quarter valued at approximately $6,902,000.

DoubleLine Mortgage ETF Trading Down 0.4 %

NYSEARCA:DMBS opened at $50.07 on Friday. The firm’s fifty day simple moving average is $50.04 and its 200 day simple moving average is $48.78. DoubleLine Mortgage ETF has a twelve month low of $45.27 and a twelve 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.