DoubleLine Income Solutions Fund (NYSE:DSL) Stock Price Crosses Below 200-Day Moving Average of $11.69

Shares of DoubleLine Income Solutions Fund (NYSE:DSL) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.69 and traded as low as $11.62. DoubleLine Income Solutions Fund shares last traded at $11.72, with a volume of 466,266 shares.

DoubleLine Income Solutions Fund Trading Up 0.3 %

The firm has a fifty day simple moving average of $11.35 and a 200-day simple moving average of $11.69.

DoubleLine Income Solutions Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 11.26%. The ex-dividend date of this dividend is Wednesday, November 15th.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

Several hedge funds have recently made changes to their positions in the company. McGowan Group Asset Management Inc. increased its holdings in DoubleLine Income Solutions Fund by 2.3% in the third quarter. McGowan Group Asset Management Inc. now owns 3,501,893 shares of the company’s stock valued at $41,042,000 after buying an additional 77,561 shares in the last quarter. Morgan Stanley increased its holdings in DoubleLine Income Solutions Fund by 8.4% in the fourth quarter. Morgan Stanley now owns 2,893,944 shares of the company’s stock valued at $32,094,000 after buying an additional 224,571 shares in the last quarter. Invesco Ltd. increased its holdings in DoubleLine Income Solutions Fund by 1.4% in the first quarter. Invesco Ltd. now owns 1,551,436 shares of the company’s stock valued at $22,527,000 after buying an additional 22,027 shares in the last quarter. Royal Bank of Canada increased its holdings in DoubleLine Income Solutions Fund by 4.3% in the first quarter. Royal Bank of Canada now owns 1,094,226 shares of the company’s stock valued at $15,888,000 after buying an additional 44,944 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in shares of DoubleLine Income Solutions Fund by 6.6% during the 2nd quarter. Penserra Capital Management LLC now owns 1,013,000 shares of the company’s stock worth $12,064,000 after purchasing an additional 63,144 shares in the last quarter.

DoubleLine Income Solutions Fund Company Profile

DoubleLine Funds – DoubleLine Income Solutions Fund is a closed end fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in fixed income markets across the globe. It primarily invests in debt securities issued by domestic or foreign corporate or other issuers, obligations of foreign sovereigns or their agencies or instrumentalities, mortgage-backed securities, hybrid REIT securities that trade on an exchange, bank loans, municipal securities, and other debt securities issued by states or local governments and their agencies, authorities, and other government-sponsored enterprises.