Elevation Point Wealth Partners LLC Buys New Shares in DoubleLine Opportunistic Bond ETF $DBND

Elevation Point Wealth Partners LLC bought a new stake in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 63,786 shares of the company’s stock, valued at approximately $2,968,000. Elevation Point Wealth Partners LLC owned approximately 0.52% of DoubleLine Opportunistic Bond ETF at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in shares of DoubleLine Opportunistic Bond ETF in the 3rd quarter worth about $125,000. Beacon Capital Management Inc. bought a new stake in DoubleLine Opportunistic Bond ETF during the second quarter worth $165,000. Triad Wealth Partners LLC purchased a new stake in DoubleLine Opportunistic Bond ETF in the 3rd quarter valued at $215,000. NWF Advisory Services Inc. bought a new position in DoubleLine Opportunistic Bond ETF during the 2nd quarter valued at $258,000. Finally, Stewardship Advisors LLC boosted its holdings in DoubleLine Opportunistic Bond ETF by 22.3% during the 3rd quarter. Stewardship Advisors LLC now owns 6,660 shares of the company’s stock worth $310,000 after acquiring an additional 1,214 shares during the last quarter.

DoubleLine Opportunistic Bond ETF Stock Down 0.2%

Shares of DBND stock opened at $45.87 on Friday. The company has a 50-day simple moving average of $46.49 and a two-hundred day simple moving average of $46.51. DoubleLine Opportunistic Bond ETF has a 52-week low of $44.92 and a 52-week high of $47.05.

DoubleLine Opportunistic Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a dividend of $0.1662 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, March 2nd.

About DoubleLine Opportunistic Bond ETF

The DoubleLine Opportunistic Bond ETF (DBND) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed, fixed income fund comprised of securities from corporate and government issuers, with various credit ratings, and a dollar-weighted average effective portfolio duration of two to eight years. DBND was launched on Mar 31, 2022 and is managed by DoubleLine.