Gradient Investments LLC cut its stake in DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS – Free Report) by 2.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,208,993 shares of the company’s stock after selling 32,260 shares during the quarter. DoubleLine Asset-Backed Securities ETF comprises 0.8% of Gradient Investments LLC’s holdings, making the stock its 28th largest holding. Gradient Investments LLC owned approximately 0.43% of DoubleLine Asset-Backed Securities ETF worth $61,270,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of DoubleLine Asset-Backed Securities ETF during the 1st quarter worth approximately $31,000. Harbour Investments Inc. purchased a new position in shares of DoubleLine Asset-Backed Securities ETF in the 4th quarter valued at approximately $51,000. Legacy Capital Group California Inc. purchased a new position in shares of DoubleLine Asset-Backed Securities ETF in the 1st quarter valued at approximately $264,000. Basso Capital Management L.P. lifted its stake in shares of DoubleLine Asset-Backed Securities ETF by 57.1% in the 4th quarter. Basso Capital Management L.P. now owns 5,500 shares of the company’s stock valued at $280,000 after purchasing an additional 2,000 shares during the period. Finally, Ritholtz Wealth Management bought a new stake in shares of DoubleLine Asset-Backed Securities ETF during the first quarter valued at approximately $328,000.
DoubleLine Asset-Backed Securities ETF Stock Up 0.2%
Shares of DABS stock opened at $50.36 on Friday. The business’s fifty day moving average is $50.45 and its 200 day moving average is $50.70. DoubleLine Asset-Backed Securities ETF has a twelve month low of $50.15 and a twelve month high of $51.52.
About DoubleLine Asset-Backed Securities ETF
The Doubleline ABS ETF (DABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest broadly in asset-backed, fixed income securities denominated in USD from both private and government sectors. The ETF targets an average duration of 1-6 years and mainly investment grade securities. DABS was launched on Feb 28, 2025 and is issued by DoubleLine.
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Want to see what other hedge funds are holding DABS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoubleLine Asset-Backed Securities ETF (NYSEARCA:DABS – Free Report).
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