Seascape Capital Management Invests $1.25 Million in DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX)

Seascape Capital Management acquired a new position in DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,046 shares of the company’s stock, valued at approximately $1,247,000. Seascape Capital Management owned approximately 4.82% of DoubleLine Multi-Sector Income ETF as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in DoubleLine Multi-Sector Income ETF during the 4th quarter valued at $4,752,000. Barclays PLC bought a new position in shares of DoubleLine Multi-Sector Income ETF in the 4th quarter worth about $5,002,000. Finally, Bank of America Corp DE bought a new position in shares of DoubleLine Multi-Sector Income ETF in the 4th quarter worth about $5,002,000.

DoubleLine Multi-Sector Income ETF Trading Up 0.2%

Shares of NYSEARCA:DMX opened at $50.26 on Friday. The company’s 50-day moving average price is $49.90 and its 200 day moving average price is $49.90. DoubleLine Multi-Sector Income ETF has a fifty-two week low of $48.45 and a fifty-two week high of $50.48.

About DoubleLine Multi-Sector Income ETF

The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities.