Peterson Financial Group Inc. Makes New $129,000 Investment in DoubleLine Mortgage ETF (NYSEARCA:DMBS)

Peterson Financial Group Inc. bought a new position in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS) during the third quarter, HoldingsChannel.com reports. The firm bought 2,567 shares of the company’s stock, valued at approximately $129,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DMBS. Park Avenue Securities LLC bought a new stake in DoubleLine Mortgage ETF during the 3rd quarter worth approximately $15,557,000. Legacy CG LLC bought a new stake in DoubleLine Mortgage ETF during the 2nd quarter worth approximately $12,090,000. Foundations Investment Advisors LLC raised its stake in DoubleLine Mortgage ETF by 743.1% during the 3rd quarter. Foundations Investment Advisors LLC now owns 204,038 shares of the company’s stock worth $10,281,000 after acquiring an additional 179,837 shares during the period. Brown Financial Advisors bought a new stake in shares of DoubleLine Mortgage ETF during the second quarter valued at approximately $7,030,000. Finally, Mattson Financial Services LLC bought a new stake in shares of DoubleLine Mortgage ETF during the second quarter valued at approximately $6,902,000.

DoubleLine Mortgage ETF Trading Down 0.2 %

DoubleLine Mortgage ETF stock opened at $48.40 on Friday. DoubleLine Mortgage ETF has a 1 year low of $47.00 and a 1 year high of $50.71. The firm’s 50 day moving average price is $49.55 and its 200-day moving average price is $49.03.

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.