Paladin Wealth LLC Has $5.39 Million Stock Position in DoubleLine Mortgage ETF $DMBS

Paladin Wealth LLC raised its position in DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 11.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,238 shares of the company’s stock after purchasing an additional 11,170 shares during the quarter. DoubleLine Mortgage ETF accounts for approximately 3.7% of Paladin Wealth LLC’s holdings, making the stock its 2nd largest holding. Paladin Wealth LLC owned 0.78% of DoubleLine Mortgage ETF worth $5,394,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Advocacy Wealth Management LLC bought a new stake in shares of DoubleLine Mortgage ETF in the fourth quarter worth $48,488,000. Captrust Financial Advisors bought a new position in DoubleLine Mortgage ETF in the fourth quarter valued at $46,036,000. Cambridge Associates LLC MA ADV bought a new position in DoubleLine Mortgage ETF in the fourth quarter valued at $20,302,000. Compound Planning Inc. increased its stake in DoubleLine Mortgage ETF by 1,467.1% in the 4th quarter. Compound Planning Inc. now owns 272,928 shares of the company’s stock valued at $13,552,000 after buying an additional 255,512 shares during the last quarter. Finally, Gradient Investments LLC increased its stake in DoubleLine Mortgage ETF by 10.2% in the 4th quarter. Gradient Investments LLC now owns 2,653,434 shares of the company’s stock valued at $131,756,000 after buying an additional 246,617 shares during the last quarter.

DoubleLine Mortgage ETF Price Performance

Shares of NYSEARCA:DMBS opened at $49.00 on Friday. The company’s 50-day moving average price is $49.09 and its two-hundred day moving average price is $49.51. DoubleLine Mortgage ETF has a one year low of $48.19 and a one year high of $50.54.

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.