Park Avenue Securities LLC Makes New $16.32 Million Investment in DoubleLine Mortgage ETF $DMBS

Park Avenue Securities LLC purchased a new stake in DoubleLine Mortgage ETF (NYSEARCA:DMBS) in the third quarter, HoldingsChannel reports. The institutional investor purchased 352,329 shares of the company’s stock, valued at approximately $16,316,000.

Other institutional investors also recently added to or reduced their stakes in the company. Gradient Investments LLC purchased a new stake in DoubleLine Mortgage ETF in the third quarter valued at approximately $123,116,000. Puff Wealth Management LLC acquired a new stake in shares of DoubleLine Mortgage ETF in the second quarter valued at approximately $3,072,000. Advocacy Wealth Management LLC grew its position in shares of DoubleLine Mortgage ETF by 3.5% during the second quarter. Advocacy Wealth Management LLC now owns 1,084,082 shares of the company’s stock worth $53,217,000 after acquiring an additional 36,507 shares during the last quarter. Evergreen Capital Management LLC grew its position in shares of DoubleLine Mortgage ETF by 4.7% during the third quarter. Evergreen Capital Management LLC now owns 710,259 shares of the company’s stock worth $32,892,000 after acquiring an additional 31,602 shares during the last quarter. Finally, Paladin Wealth LLC grew its position in shares of DoubleLine Mortgage ETF by 14.8% during the second quarter. Paladin Wealth LLC now owns 125,458 shares of the company’s stock worth $6,159,000 after acquiring an additional 16,220 shares during the last quarter.

DoubleLine Mortgage ETF Stock Down 0.0%

Shares of DoubleLine Mortgage ETF stock opened at $47.09 on Wednesday. DoubleLine Mortgage ETF has a 12 month low of $45.86 and a 12 month high of $50.54. The firm’s fifty day simple moving average is $47.18 and its 200-day simple moving average is $48.72.

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.