DoubleLine Income Solutions Fund (NYSE:DSL) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

DoubleLine Income Solutions Fund (NYSE:DSL)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.01 and traded as low as $11.23. DoubleLine Income Solutions Fund shares last traded at $11.2650, with a volume of 590,548 shares traded.

DoubleLine Income Solutions Fund Price Performance

The stock has a 50-day simple moving average of $11.55 and a 200-day simple moving average of $12.01.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid a $0.11 dividend. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date is Wednesday, December 17th.

Hedge Funds Weigh In On DoubleLine Income Solutions Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in shares of DoubleLine Income Solutions Fund by 3.6% during the 1st quarter. Invesco Ltd. now owns 912,064 shares of the company’s stock valued at $11,501,000 after buying an additional 32,102 shares in the last quarter. Trinity Legacy Partners LLC grew its stake in DoubleLine Income Solutions Fund by 6.9% in the 1st quarter. Trinity Legacy Partners LLC now owns 292,410 shares of the company’s stock valued at $3,591,000 after buying an additional 18,826 shares in the last quarter. Activest Wealth Management raised its holdings in DoubleLine Income Solutions Fund by 15.2% during the 1st quarter. Activest Wealth Management now owns 166,372 shares of the company’s stock valued at $2,098,000 after acquiring an additional 22,000 shares during the period. Calton & Associates Inc. purchased a new stake in shares of DoubleLine Income Solutions Fund during the first quarter worth $262,000. Finally, Concorde Asset Management LLC boosted its holdings in shares of DoubleLine Income Solutions Fund by 3.9% in the first quarter. Concorde Asset Management LLC now owns 26,600 shares of the company’s stock worth $314,000 after acquiring an additional 1,000 shares during the period.

About DoubleLine Income Solutions Fund

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.