DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX) Trading Up 0.1% – Should You Buy?

DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX)’s share price traded up 0.1% during mid-day trading on Thursday . The company traded as high as $50.87 and last traded at $50.63. 5,406 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 9,524 shares. The stock had previously closed at $50.58.

DoubleLine Multi-Sector Income ETF Stock Up 0.1%

The business’s 50 day moving average is $50.39 and its 200-day moving average is $49.98.

Institutional Investors Weigh In On DoubleLine Multi-Sector Income ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its stake in DoubleLine Multi-Sector Income ETF by 31.1% in the 2nd quarter. Jane Street Group LLC now owns 9,480 shares of the company’s stock valued at $478,000 after acquiring an additional 2,249 shares during the period. Intrepid Financial Planning Group LLC acquired a new stake in DoubleLine Multi-Sector Income ETF in the 2nd quarter valued at $402,000. Seascape Capital Management acquired a new stake in DoubleLine Multi-Sector Income ETF in the 1st quarter valued at $1,247,000. Foundations Investment Advisors LLC acquired a new stake in DoubleLine Multi-Sector Income ETF in the 1st quarter valued at $1,966,000. Finally, Bank of America Corp DE acquired a new stake in DoubleLine Multi-Sector Income ETF in the 4th quarter valued at $5,002,000.

DoubleLine Multi-Sector Income ETF Company Profile

The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities.