Envestnet Asset Management Inc. Decreases Holdings in DoubleLine Mortgage ETF (NYSEARCA:DMBS)

Envestnet Asset Management Inc. trimmed its holdings in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 0.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 463,608 shares of the company’s stock after selling 1,932 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.07% of DoubleLine Mortgage ETF worth $22,369,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Foundations Investment Advisors LLC purchased a new stake in shares of DoubleLine Mortgage ETF during the 2nd quarter valued at about $1,168,000. Tortoise Investment Management LLC raised its position in shares of DoubleLine Mortgage ETF by 14.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 289,070 shares of the company’s stock valued at $13,948,000 after buying an additional 37,010 shares in the last quarter. SeaBridge Investment Advisors LLC raised its position in shares of DoubleLine Mortgage ETF by 12.6% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 21,393 shares of the company’s stock valued at $1,032,000 after buying an additional 2,391 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of DoubleLine Mortgage ETF by 14.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 46,692 shares of the company’s stock valued at $2,224,000 after buying an additional 5,778 shares in the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its position in shares of DoubleLine Mortgage ETF by 4.4% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 147,391 shares of the company’s stock valued at $7,112,000 after buying an additional 6,260 shares in the last quarter.

DoubleLine Mortgage ETF Stock Performance

Shares of NYSEARCA DMBS opened at $50.53 on Monday. The firm’s 50-day moving average price is $49.78 and its 200-day moving average price is $48.68. DoubleLine Mortgage ETF has a 12-month low of $45.27 and a 12-month high of $50.71.

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.