##  [# Buyback ETF Changes Advisor](/sections/daily-etf-watch/buyback-etf-changes-advisor) 

 

# Buyback ETF Changes Advisor

 

 

AdvisorShares switches the manager on its buyback ETF from Wilshire to DoubleLine.



 

 

 

 

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[By ETF.com Staff](/contributors/etfcom-staff)

 Oct 12, 2018

 Edited by: ETF.com Staff

 

 

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AdvisorShares has made some major changes to its buyback ETF, a fund that already underwent a manager change in June 2016. The $88 million [AdvisorShares Wilshire Buyback ETF (TTFS)](https://www.etf.com/ttfs) has a new name and ticker as of Oct. 11: [AdvisorShares DoubleLine Value Equity ETF (DBLV)](https://www.sec.gov/Archives/edgar/data/1408970/000161577418010664/s113206_497.htm).

Wilshire Associates has been removed as manager of TTFS and replaced by DoubleLine Equity LP, an affiliate of well-known DoubleLine Capital LP, which manages the $3 billion [SPDR DoubleLine Total Return Tactical ETF (TOTL)](https://www.etf.com/totl).

TTFS, now DBLV, had underperformed the [SPDR S&amp;P 500 ETF Trust (SPY)](https://www.etf.com/spy) significantly year-to-date. Originally, TTFS was managed by TrimTabs, which was then replaced by Wilshire Associates a little more than two years ago.

Under DoubleLine, the ETF is shifting its focus to a fundamental value strategy rather than focusing on buybacks as it did under Wilshire or the float shrink strategy it implemented under TrimTabs.

*Contact Heather Bell at <hbell@etf.com>*



 

 

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 [Equity](http://www.etf.com/topics/equity)