Elevation Point Wealth Partners LLC Acquires 11,094 Shares of DoubleLine Opportunistic Bond ETF $DBND

Elevation Point Wealth Partners LLC boosted its stake in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) by 13.5% in the first quarter, HoldingsChannel.com reports. The firm owned 93,046 shares of the company’s stock after buying an additional 11,094 shares during the period. Elevation Point Wealth Partners LLC’s holdings in DoubleLine Opportunistic Bond ETF were worth $4,262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Manchester Financial Inc. raised its position in DoubleLine Opportunistic Bond ETF by 6.2% during the 1st quarter. Manchester Financial Inc. now owns 8,545 shares of the company’s stock worth $391,000 after purchasing an additional 498 shares during the last quarter. First Financial Group Corp bought a new stake in shares of DoubleLine Opportunistic Bond ETF in the 1st quarter valued at about $216,000. Cornerstone Wealth Group LLC increased its stake in shares of DoubleLine Opportunistic Bond ETF by 13.8% in the first quarter. Cornerstone Wealth Group LLC now owns 54,393 shares of the company’s stock valued at $2,504,000 after buying an additional 6,589 shares during the period. Stonehearth Capital Management LLC increased its stake in shares of DoubleLine Opportunistic Bond ETF by 5.7% in the first quarter. Stonehearth Capital Management LLC now owns 8,497 shares of the company’s stock valued at $389,000 after buying an additional 455 shares during the period. Finally, Stewardship Advisors LLC raised its position in shares of DoubleLine Opportunistic Bond ETF by 7.4% during the first quarter. Stewardship Advisors LLC now owns 8,304 shares of the company’s stock worth $380,000 after acquiring an additional 570 shares during the last quarter.

DoubleLine Opportunistic Bond ETF Stock Performance

Shares of DBND opened at $45.37 on Friday. The business has a 50-day moving average of $45.52 and a 200-day moving average of $46.01. DoubleLine Opportunistic Bond ETF has a 1 year low of $45.03 and a 1 year high of $47.05.

DoubleLine Opportunistic Bond ETF Company 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.