Hobbs Group Advisors LLC Has $10.81 Million Stock Position in DoubleLine Mortgage ETF $DMBS

Hobbs Group Advisors LLC boosted its position in DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 10.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 217,642 shares of the company’s stock after buying an additional 20,650 shares during the period. DoubleLine Mortgage ETF makes up 3.4% of Hobbs Group Advisors LLC’s holdings, making the stock its 8th biggest holding. Hobbs Group Advisors LLC’s holdings in DoubleLine Mortgage ETF were worth $10,812,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DMBS. Allworth Financial LP acquired a new stake in DoubleLine Mortgage ETF during the 2nd quarter worth about $36,000. Flow Traders U.S. LLC acquired a new position in shares of DoubleLine Mortgage ETF in the 2nd quarter valued at about $205,000. Prime Capital Investment Advisors LLC acquired a new position in shares of DoubleLine Mortgage ETF in the 3rd quarter valued at about $250,000. Waterloo Capital L.P. boosted its position in shares of DoubleLine Mortgage ETF by 54.7% during the 2nd quarter. Waterloo Capital L.P. now owns 6,556 shares of the company’s stock valued at $322,000 after purchasing an additional 2,318 shares in the last quarter. Finally, Silverlake Wealth Management LLC acquired a new stake in DoubleLine Mortgage ETF during the third quarter worth approximately $346,000.

DoubleLine Mortgage ETF Price Performance

Shares of DMBS opened at $49.66 on Thursday. DoubleLine Mortgage ETF has a 52-week low of $46.84 and a 52-week high of $50.54. The business’s 50 day moving average price is $49.93 and its two-hundred day moving average price is $49.82.

DoubleLine Mortgage ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were issued a $0.2122 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from DoubleLine Mortgage ETF’s previous monthly dividend of $0.21. This represents a c) dividend on an annualized basis and a yield of 5.1%.

DoubleLine Mortgage ETF Company 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.