Mendel Money Management Grows Stake in DoubleLine Mortgage ETF $DMBS

Mendel Money Management increased its stake in DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 56.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,657 shares of the company’s stock after acquiring an additional 14,724 shares during the period. Mendel Money Management owned approximately 0.30% of DoubleLine Mortgage ETF worth $2,019,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DMBS. Gradient Investments LLC grew its position in DoubleLine Mortgage ETF by 10.2% in the fourth quarter. Gradient Investments LLC now owns 2,653,434 shares of the company’s stock worth $131,756,000 after acquiring an additional 246,617 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in DoubleLine Mortgage ETF in the third quarter worth about $10,559,000. Foundations Investment Advisors LLC grew its position in DoubleLine Mortgage ETF by 27.4% in the third quarter. Foundations Investment Advisors LLC now owns 431,365 shares of the company’s stock worth $21,430,000 after acquiring an additional 92,828 shares in the last quarter. Tortoise Investment Management LLC grew its position in DoubleLine Mortgage ETF by 26.1% in the third quarter. Tortoise Investment Management LLC now owns 403,640 shares of the company’s stock worth $20,053,000 after acquiring an additional 83,619 shares in the last quarter. Finally, AMI Investment Management Inc. grew its position in DoubleLine Mortgage ETF by 39.0% in the fourth quarter. AMI Investment Management Inc. now owns 238,206 shares of the company’s stock worth $11,828,000 after acquiring an additional 66,830 shares in the last quarter.

DoubleLine Mortgage ETF Price Performance

Shares of NYSEARCA DMBS opened at $49.59 on Friday. DoubleLine Mortgage ETF has a 1 year low of $47.74 and a 1 year high of $50.54. The firm has a 50-day simple moving average of $49.67 and a two-hundred day simple moving average of $49.76.

DoubleLine Mortgage ETF Increases Dividend

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

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.