Foundations Investment Advisors LLC Purchases 97,952 Shares of Doubleline Fortune 500 Equal Weight ETF $DFVE

Foundations Investment Advisors LLC lifted its position in shares of Doubleline Fortune 500 Equal Weight ETF (NYSEARCA:DFVE) by 42.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 327,014 shares of the company’s stock after buying an additional 97,952 shares during the quarter. Foundations Investment Advisors LLC owned about 0.55% of Doubleline Fortune 500 Equal Weight ETF worth $10,293,000 as of its most recent SEC filing.

Separately, Mutual Advisors LLC bought a new position in Doubleline Fortune 500 Equal Weight ETF during the second quarter worth about $232,000.

Doubleline Fortune 500 Equal Weight ETF Stock Down 0.2%

Shares of Doubleline Fortune 500 Equal Weight ETF stock opened at $33.23 on Thursday. The stock has a market capitalization of $21.93 million, a price-to-earnings ratio of 15.69 and a beta of 0.98. Doubleline Fortune 500 Equal Weight ETF has a twelve month low of $24.25 and a twelve month high of $33.67. The company has a 50-day simple moving average of $32.36 and a two-hundred day simple moving average of $31.42.

Doubleline Fortune 500 Equal Weight ETF Profile

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.