Mendel Money Management Takes $1.29 Million Position in DoubleLine Mortgage ETF $DMBS

Mendel Money Management bought a new position in DoubleLine Mortgage ETF (NYSEARCA:DMBSFree Report) in the 3rd quarter, Holdings Channel reports. The fund bought 25,933 shares of the company’s stock, valued at approximately $1,288,000.

Several other large investors have also added to or reduced their stakes in the company. Allworth Financial LP bought a new position in shares of DoubleLine Mortgage ETF in the second quarter worth approximately $36,000. Flow Traders U.S. LLC purchased a new stake in DoubleLine Mortgage ETF in the 2nd quarter worth $205,000. Prime Capital Investment Advisors LLC bought a new stake in DoubleLine Mortgage ETF during the third quarter valued at about $250,000. Transatlantique Private Wealth LLC purchased a new position in shares of DoubleLine Mortgage ETF in the second quarter valued at about $261,000. Finally, Waterloo Capital L.P. lifted its position in shares of DoubleLine Mortgage ETF by 54.7% in the second quarter. Waterloo Capital L.P. now owns 6,556 shares of the company’s stock valued at $322,000 after acquiring an additional 2,318 shares in the last quarter.

DoubleLine Mortgage ETF Trading Up 0.1%

NYSEARCA:DMBS opened at $50.20 on Friday. The stock has a 50-day moving average price of $49.83 and a 200 day moving average price of $49.72. DoubleLine Mortgage ETF has a 12-month low of $46.84 and a 12-month high of $50.31.

DoubleLine Mortgage ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were issued a $0.2077 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. This is a boost from DoubleLine Mortgage ETF’s previous monthly dividend of $0.21. The ex-dividend date of this dividend was Monday, February 2nd.

DoubleLine Mortgage ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DoubleLine Mortgage ETF (NYSEARCA:DMBS)

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