Seascape Capital Management Lowers Stake in DoubleLine Opportunistic Bond ETF $DBND

Seascape Capital Management lessened its holdings in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 634,793 shares of the company’s stock after selling 11,175 shares during the period. DoubleLine Opportunistic Bond ETF makes up 8.4% of Seascape Capital Management’s portfolio, making the stock its 2nd biggest position. Seascape Capital Management’s holdings in DoubleLine Opportunistic Bond ETF were worth $29,080,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in shares of DoubleLine Opportunistic Bond ETF by 101.3% in the first quarter. Royal Bank of Canada now owns 44,576 shares of the company’s stock valued at $2,058,000 after buying an additional 22,437 shares during the last quarter. Jane Street Group LLC raised its position in shares of DoubleLine Opportunistic Bond ETF by 28.0% during the first quarter. Jane Street Group LLC now owns 50,058 shares of the company’s stock worth $2,311,000 after acquiring an additional 10,959 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of DoubleLine Opportunistic Bond ETF by 290.0% during the second quarter. Raymond James Financial Inc. now owns 394,891 shares of the company’s stock worth $18,260,000 after acquiring an additional 293,626 shares during the last quarter. Ausdal Financial Partners Inc. lifted its stake in shares of DoubleLine Opportunistic Bond ETF by 30.2% during the second quarter. Ausdal Financial Partners Inc. now owns 121,193 shares of the company’s stock valued at $5,604,000 after acquiring an additional 28,081 shares during the period. Finally, MML Investors Services LLC lifted its stake in shares of DoubleLine Opportunistic Bond ETF by 11.2% during the second quarter. MML Investors Services LLC now owns 142,702 shares of the company’s stock valued at $6,599,000 after acquiring an additional 14,323 shares during the period.

DoubleLine Opportunistic Bond ETF Stock Performance

Shares of DBND stock opened at $45.37 on Monday. DoubleLine Opportunistic Bond ETF has a 12 month low of $45.03 and a 12 month high of $47.05. The stock has a 50-day moving average price of $45.52 and a 200 day moving average price of $46.01.

DoubleLine Opportunistic Bond ETF 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.