Buyback ETF Changes Advisor

Buyback ETF Changes Advisor

AdvisorShares switches the manager on its buyback ETF from Wilshire to DoubleLine.
Reviewed by: Staff
Edited by: Staff

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) has a new name and ticker as of Oct. 11: AdvisorShares DoubleLine Value Equity ETF (DBLV).

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).

TTFS, now DBLV, had underperformed the SPDR S&P 500 ETF Trust (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 [email protected] is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in the space. Our personalized and accurate information, alongside industry-leading financial tools, are depended upon to develop winning investment and financial decisions. At, we strive to serve both the individual investor as well as the professional financial advisor to educate and grow the ETF community.