Park Avenue Securities LLC Makes New Investment in DoubleLine Mortgage ETF $DMBS

Park Avenue Securities LLC bought a new position in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 352,329 shares of the company’s stock, valued at approximately $16,316,000. Park Avenue Securities LLC owned approximately 2.42% of DoubleLine Mortgage ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Strong Retirement Solutions LLC increased its stake in DoubleLine Mortgage ETF by 6.5% during the 3rd quarter. Strong Retirement Solutions LLC now owns 5,936 shares of the company’s stock worth $275,000 after buying an additional 360 shares during the period. Argus Investors Counsel Inc. grew its stake in shares of DoubleLine Mortgage ETF by 3.8% in the third quarter. Argus Investors Counsel Inc. now owns 10,040 shares of the company’s stock worth $465,000 after acquiring an additional 366 shares in the last quarter. Milestones Private Investment Advisors LLC grew its stake in shares of DoubleLine Mortgage ETF by 2.2% in the first quarter. Milestones Private Investment Advisors LLC now owns 32,887 shares of the company’s stock worth $1,624,000 after acquiring an additional 718 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of DoubleLine Mortgage ETF during the first quarter worth $48,000. Finally, Royal Bank of Canada purchased a new stake in shares of DoubleLine Mortgage ETF during the first quarter worth $51,000.

DoubleLine Mortgage ETF Trading Down 0.0%

NYSEARCA:DMBS opened at $47.09 on Wednesday. The stock has a fifty day moving average price of $47.18 and a 200 day moving average price of $48.72. DoubleLine Mortgage ETF has a 12-month low of $45.86 and a 12-month high of $50.54.

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.