Hippocratic Financial Advisors LLC Boosts Position in DoubleLine Opportunistic Bond ETF $DBND

Hippocratic Financial Advisors LLC boosted its stake in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) by 13.9% during the fourth quarter, HoldingsChannel reports. The firm owned 180,353 shares of the company’s stock after buying an additional 22,034 shares during the period. DoubleLine Opportunistic Bond ETF comprises about 3.9% of Hippocratic Financial Advisors LLC’s portfolio, making the stock its 8th biggest holding. Hippocratic Financial Advisors LLC’s holdings in DoubleLine Opportunistic Bond ETF were worth $8,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of DBND. CWM LLC increased its holdings in shares of DoubleLine Opportunistic Bond ETF by 23.7% in the 3rd quarter. CWM LLC now owns 1,368,828 shares of the company’s stock worth $63,692,000 after buying an additional 262,597 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of DoubleLine Opportunistic Bond ETF by 86.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 649,397 shares of the company’s stock worth $30,216,000 after acquiring an additional 300,484 shares during the last quarter. Boothe Investment Group Inc. grew its position in DoubleLine Opportunistic Bond ETF by 7.3% in the third quarter. Boothe Investment Group Inc. now owns 636,766 shares of the company’s stock worth $29,629,000 after acquiring an additional 43,243 shares in the last quarter. Raymond James Financial Inc. grew its position in DoubleLine Opportunistic Bond ETF by 57.4% in the third quarter. Raymond James Financial Inc. now owns 621,576 shares of the company’s stock worth $28,922,000 after acquiring an additional 226,685 shares in the last quarter. Finally, Seascape Capital Management increased its stake in DoubleLine Opportunistic Bond ETF by 3.1% in the third quarter. Seascape Capital Management now owns 618,301 shares of the company’s stock valued at $28,770,000 after acquiring an additional 18,534 shares during the last quarter.

DoubleLine Opportunistic Bond ETF Stock Performance

NYSEARCA DBND opened at $45.72 on Friday. The stock’s 50-day simple moving average is $46.28 and its two-hundred day simple moving average is $46.43. DoubleLine Opportunistic Bond ETF has a twelve month low of $44.92 and a twelve month high of $47.05.

DoubleLine Opportunistic Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1662 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.4%.

DoubleLine Opportunistic Bond ETF Company Profile

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.