DoubleLine Commercial Real Estate ETF $DCRE Stock: SBE LLC DBA Cedar Cove Wealth Partners Reduces Stake

SBE LLC DBA Cedar Cove Wealth Partners cut its holdings in shares of DoubleLine Commercial Real Estate ETF (NYSEARCA:DCRE) by 20.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,666 shares of the company’s stock after selling 19,724 shares during the period. DoubleLine Commercial Real Estate ETF makes up approximately 1.9% of SBE LLC DBA Cedar Cove Wealth Partners’ holdings, making the stock its 14th biggest position. SBE LLC DBA Cedar Cove Wealth Partners’ holdings in DoubleLine Commercial Real Estate ETF were worth $4,014,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gradient Investments LLC acquired a new position in DoubleLine Commercial Real Estate ETF in the third quarter worth approximately $20,252,000. Tortoise Investment Management LLC lifted its position in shares of DoubleLine Commercial Real Estate ETF by 0.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 273,990 shares of the company’s stock valued at $14,194,000 after acquiring an additional 2,199 shares during the last quarter. Brown Financial Advisors lifted its position in shares of DoubleLine Commercial Real Estate ETF by 5.8% during the 2nd quarter. Brown Financial Advisors now owns 11,319 shares of the company’s stock valued at $586,000 after acquiring an additional 620 shares during the last quarter. Rareview Capital LLC lifted its position in shares of DoubleLine Commercial Real Estate ETF by 20.2% during the 2nd quarter. Rareview Capital LLC now owns 5,197 shares of the company’s stock valued at $270,000 after acquiring an additional 873 shares during the last quarter. Finally, Paladin Wealth LLC boosted its stake in shares of DoubleLine Commercial Real Estate ETF by 12.3% during the 2nd quarter. Paladin Wealth LLC now owns 14,583 shares of the company’s stock worth $755,000 after acquiring an additional 1,602 shares in the last quarter.

DoubleLine Commercial Real Estate ETF Stock Performance

Shares of DCRE traded up $0.08 during trading hours on Thursday, hitting $50.85. 22,360 shares of the company were exchanged, compared to its average volume of 45,638. The firm has a fifty day simple moving average of $51.25 and a 200-day simple moving average of $51.57. DoubleLine Commercial Real Estate ETF has a one year low of $50.63 and a one year high of $52.56.

About DoubleLine Commercial Real Estate ETF

The DoubleLine Commercial Real Estate ETF (DCRE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade commercial real estate debt securities of any maturity. The fund seeks current income and capital appreciation. DCRE was launched on Mar 31, 2023 and is issued by DoubleLine.