yes if you are ok with arrays:
var= ( $(echo $LINE | cut -d, --output-delimiter=' ' -f4-6) )
Note that make var 0-indexed.
Although it may be simpler and easier to turn CSV $LINE into something that the bash bracket understands, then just do var = ( $LINE ) .
EDIT: The above problems will cause problems if you have spaces in your $ LINE ... if so, you need to be a little more careful, and AWK might be the best choice for adding quotes:
var= ( $( echo $LINE | awk IFS=, '{print "\"$4\" \"$5\" \"$6\""}' ) )
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