DoubleLine Opportunistic Credit Fund (NYSE:DBL) Stock Price Crosses Above 50 Day Moving Average of $15.11

DoubleLine Opportunistic Credit Fund (NYSE:DBL)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.11 and traded as high as $15.23. DoubleLine Opportunistic Credit Fund shares last traded at $15.18, with a volume of 30,884 shares traded.

DoubleLine Opportunistic Credit Fund Trading Down 0.1 %

The company has a fifty day moving average of $15.11 and a 200-day moving average of $15.01.

DoubleLine Opportunistic Credit Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 16th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.32 annualized dividend and a dividend yield of 8.70%.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Several hedge funds and other institutional investors have recently modified their holdings of DBL. SkyOak Wealth LLC purchased a new stake in shares of DoubleLine Opportunistic Credit Fund during the first quarter worth $156,000. Avantax Advisory Services Inc. acquired a new position in DoubleLine Opportunistic Credit Fund during the fourth quarter worth $178,000. Brogan Financial Inc. acquired a new position in DoubleLine Opportunistic Credit Fund during the fourth quarter worth $212,000. ARS Wealth Advisors Group LLC acquired a new position in DoubleLine Opportunistic Credit Fund during the fourth quarter worth $230,000. Finally, Verus Capital Partners LLC increased its position in DoubleLine Opportunistic Credit Fund by 14.8% during the third quarter. Verus Capital Partners LLC now owns 35,757 shares of the investment management company’s stock worth $521,000 after buying an additional 4,623 shares during the last quarter.

About DoubleLine Opportunistic Credit Fund

DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S.