Lord & Richards Wealth Management LLC Makes New Investment in DoubleLine Mortgage ETF (NYSEARCA:DMBS)

Lord & Richards Wealth Management LLC purchased a new position in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,700 shares of the company’s stock, valued at approximately $274,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Gradient Investments LLC increased its position in DoubleLine Mortgage ETF by 75.6% during the fourth quarter. Gradient Investments LLC now owns 2,260,404 shares of the company’s stock worth $108,725,000 after buying an additional 973,485 shares during the period. Cobblestone Capital Advisors LLC NY acquired a new position in DoubleLine Mortgage ETF during the third quarter worth approximately $44,017,000. Advocacy Wealth Management Services LLC increased its position in DoubleLine Mortgage ETF by 1.3% during the third quarter. Advocacy Wealth Management Services LLC now owns 812,207 shares of the company’s stock worth $40,927,000 after buying an additional 10,309 shares during the period. Legacy CG LLC increased its position in DoubleLine Mortgage ETF by 6.0% during the fourth quarter. Legacy CG LLC now owns 282,463 shares of the company’s stock worth $13,586,000 after buying an additional 16,002 shares during the period. Finally, AMI Investment Management Inc. increased its position in DoubleLine Mortgage ETF by 12.9% during the fourth quarter. AMI Investment Management Inc. now owns 238,269 shares of the company’s stock worth $11,461,000 after buying an additional 27,143 shares during the period.

DoubleLine Mortgage ETF Trading Up 0.2 %

Shares of DMBS stock opened at $48.49 on Friday. The business’s 50 day moving average is $48.18 and its two-hundred day moving average is $49.07. DoubleLine Mortgage ETF has a twelve month low of $47.00 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.