Franklin Resources Inc. significantly increased its ownership in the DoubleLine Commercial Real Estate ETF (NYSEARCA: DCRE) during the second quarter of 2023, according to the company’s latest Form 13F filing with the Securities and Exchange Commission (SEC). The firm reported a 146.8% increase, bringing its total number of shares to 50,239 after purchasing an additional 29,881 shares.
At the conclusion of the reporting period, Franklin Resources held approximately 0.82% of the DoubleLine Commercial Real Estate ETF, valued at around $2,614,000. This strategic move highlights the firm’s confidence in the ETF’s potential for growth and stability in the commercial real estate sector.
Several other institutional investors also adjusted their positions in the DoubleLine ETF recently. For instance, SCS Capital Management LLC acquired a new stake in the fund during the first quarter, valued at approximately $270,000. Tortoise Investment Management LLC made a notable increase, growing its stake by an impressive 1,053.3% during the same period. The firm now owns 10,380 shares, worth $538,000, following the acquisition of 9,480 additional shares.
First Financial Group Corp also expanded its holdings by 21.5% in the second quarter, now owning 10,892 shares valued at $567,000. Additionally, Compound Planning Inc. entered the market with a new stake worth approximately $661,000. Jane Street Group LLC rounded out the list of significant investors, increasing its position by 85.3% in the first quarter, now owning 21,345 shares valued at $1,107,000.
Current Performance of DoubleLine ETF
As of Thursday, the DoubleLine Commercial Real Estate ETF opened at $52.04. The stock has experienced a range over the past 12 months, with a low of $51.10 and a high of $53.11. Currently, the 50-day moving average stands at $52.07, while the 200-day moving average is $51.96.
The DoubleLine Commercial Real Estate ETF primarily invests in investment-grade fixed income, focusing on an actively managed portfolio of commercial real estate debt securities across various maturities. The fund aims to generate current income while seeking capital appreciation, making it an appealing choice for investors looking for stability in the real estate market.
Overall, Franklin Resources Inc.’s expansion of its stake in the DoubleLine ETF reflects a broader trend among institutional investors showing increased interest in commercial real estate investments, underscoring the sector’s resilience and potential for future growth.
