January Capital Advisors LLC Invests $7 Million in DoubleLine Opportunistic Bond ETF $DBND

January Capital Advisors LLC bought a new stake in shares of DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 152,716 shares of the company’s stock, valued at approximately $6,996,000. DoubleLine Opportunistic Bond ETF makes up approximately 9.4% of January Capital Advisors LLC’s portfolio, making the stock its 3rd biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DBND. CWM LLC raised its holdings in DoubleLine Opportunistic Bond ETF by 18.5% during the 4th quarter. CWM LLC now owns 1,622,210 shares of the company’s stock valued at $75,213,000 after buying an additional 253,382 shares during the period. Foundations Investment Advisors LLC boosted its stake in shares of DoubleLine Opportunistic Bond ETF by 29.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 700,920 shares of the company’s stock worth $32,498,000 after purchasing an additional 160,205 shares during the period. Boothe Investment Group Inc. grew its holdings in DoubleLine Opportunistic Bond ETF by 5.3% during the 1st quarter. Boothe Investment Group Inc. now owns 679,687 shares of the company’s stock valued at $31,136,000 after purchasing an additional 34,208 shares during the last quarter. Seascape Capital Management lifted its stake in DoubleLine Opportunistic Bond ETF by 4.5% in the fourth quarter. Seascape Capital Management now owns 645,968 shares of the company’s stock worth $29,950,000 after purchasing an additional 27,667 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of DoubleLine Opportunistic Bond ETF by 57.4% during the third quarter. Raymond James Financial Inc. now owns 621,576 shares of the company’s stock valued at $28,922,000 after buying an additional 226,685 shares during the period.

DoubleLine Opportunistic Bond ETF Stock Performance

NYSEARCA DBND opened at $45.05 on Friday. The company’s 50-day moving average price is $45.33 and its 200-day moving average price is $45.84. DoubleLine Opportunistic Bond ETF has a 12 month low of $44.85 and a 12 month high of $47.05.

About DoubleLine Opportunistic Bond ETF

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.