Raymond James & Associates Decreases Stock Position in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND)

Raymond James & Associates lowered its stake in DoubleLine Opportunistic Bond ETF (NYSEARCA:DBND) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,505 shares of the company’s stock after selling 446 shares during the quarter. Raymond James & Associates owned about 0.37% of DoubleLine Opportunistic Bond ETF worth $625,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Stonehearth Capital Management LLC lifted its stake in DoubleLine Opportunistic Bond ETF by 8.3% in the 4th quarter. Stonehearth Capital Management LLC now owns 5,642 shares of the company’s stock worth $261,000 after purchasing an additional 434 shares in the last quarter. Beaumont Financial Advisors LLC increased its holdings in shares of DoubleLine Opportunistic Bond ETF by 4.6% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 17,727 shares of the company’s stock worth $782,000 after buying an additional 780 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of DoubleLine Opportunistic Bond ETF by 7.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 11,139 shares of the company’s stock worth $491,000 after buying an additional 791 shares during the last quarter. Cravens & Co Advisors LLC increased its holdings in shares of DoubleLine Opportunistic Bond ETF by 0.5% in the 3rd quarter. Cravens & Co Advisors LLC now owns 176,137 shares of the company’s stock worth $7,771,000 after buying an additional 826 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of DoubleLine Opportunistic Bond ETF in the 3rd quarter worth about $53,000.

DoubleLine Opportunistic Bond ETF Stock Performance

DoubleLine Opportunistic Bond ETF stock opened at $44.68 on Thursday. The company’s 50-day moving average price is $45.41 and its 200-day moving average price is $45.17. DoubleLine Opportunistic Bond ETF has a twelve month low of $42.85 and a twelve month high of $46.97.

DoubleLine Opportunistic Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.1888 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from DoubleLine Opportunistic Bond ETF’s previous dividend of $0.18.

DoubleLine Opportunistic Bond ETF 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.