Sugarloaf Wealth Management LLC Lowers Position in DoubleLine Mortgage ETF (NYSEARCA:DMBS)

Sugarloaf Wealth Management LLC cut its holdings in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,809 shares of the company’s stock after selling 2,447 shares during the quarter. Sugarloaf Wealth Management LLC owned about 0.95% of DoubleLine Mortgage ETF worth $3,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. SeaBridge Investment Advisors LLC boosted its holdings in DoubleLine Mortgage ETF by 4.5% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 19,002 shares of the company’s stock valued at $925,000 after acquiring an additional 810 shares during the period. ORG Partners LLC purchased a new position in DoubleLine Mortgage ETF during the 2nd quarter valued at about $46,000. Cravens & Co Advisors LLC boosted its holdings in DoubleLine Mortgage ETF by 5.5% during the 1st quarter. Cravens & Co Advisors LLC now owns 24,545 shares of the company’s stock valued at $1,195,000 after acquiring an additional 1,275 shares during the period. AMI Investment Management Inc. boosted its holdings in DoubleLine Mortgage ETF by 0.7% during the 3rd quarter. AMI Investment Management Inc. now owns 211,126 shares of the company’s stock valued at $10,639,000 after acquiring an additional 1,396 shares during the period. Finally, AlphaStar Capital Management LLC purchased a new position in DoubleLine Mortgage ETF during the 2nd quarter valued at about $249,000.

DoubleLine Mortgage ETF Stock Performance

DoubleLine Mortgage ETF stock traded up $0.02 during midday trading on Tuesday, reaching $49.50. 10,014 shares of the stock traded hands, compared to its average volume of 50,792. The company has a 50-day simple moving average of $50.10 and a two-hundred day simple moving average of $48.81. DoubleLine Mortgage ETF has a 12-month low of $45.27 and a 12-month high of $50.71.

DoubleLine Mortgage ETF Company 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.