Mutual Advisors LLC Invests $232,000 in Doubleline Fortune 500 Equal Weight ETF $DFVE

Mutual Advisors LLC purchased a new position in Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,558 shares of the company’s stock, valued at approximately $232,000. Mutual Advisors LLC owned about 1.40% of Doubleline Fortune 500 Equal Weight ETF at the end of the most recent reporting period.

Separately, Foundations Investment Advisors LLC increased its holdings in shares of Doubleline Fortune 500 Equal Weight ETF by 58.9% in the 1st quarter. Foundations Investment Advisors LLC now owns 184,188 shares of the company’s stock worth $5,200,000 after buying an additional 68,259 shares during the last quarter.

Doubleline Fortune 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:DFVE opened at $31.54 on Wednesday. The company’s fifty day moving average price is $31.15 and its 200-day moving average price is $29.47. The firm has a market capitalization of $18.92 million, a price-to-earnings ratio of 15.69 and a beta of 0.85. Doubleline Fortune 500 Equal Weight ETF has a one year low of $24.25 and a one year high of $31.82.

About Doubleline Fortune 500 Equal Weight ETF

The DoubleLine Fortune 500 Equal Weight ETF (DFVE) is an exchange-traded fund that is based on the Barclays Fortune 500 Equal Weighted index. The fund tracks an equal-weighted index of US stocks, selected based on revenue. The portfolio is constructed from the Fortune 500 list. DFVE was launched on Jan 31, 2024 and is issued by DoubleLine.