DoubleLine Income Solutions Fund (NYSE:DSL) Stock Passes Below 200 Day Moving Average – Here’s What Happened

DoubleLine Income Solutions Fund (NYSE:DSL) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.89 and traded as low as $11.27. DoubleLine Income Solutions Fund shares last traded at $11.2950, with a volume of 566,518 shares trading hands.

DoubleLine Income Solutions Fund Stock Performance

The stock’s 50-day moving average price is $11.32 and its 200-day moving average price is $11.89.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th will be given 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, January 14th.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Maridea Wealth Management LLC boosted its holdings in DoubleLine Income Solutions Fund by 2.1% in the fourth quarter. Maridea Wealth Management LLC now owns 43,870 shares of the company’s stock valued at $494,000 after acquiring an additional 895 shares during the last quarter. Apollon Wealth Management LLC lifted its position in DoubleLine Income Solutions Fund by 5.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 17,564 shares of the company’s stock valued at $216,000 after purchasing an additional 924 shares during the period. SeaCrest Wealth Management LLC boosted its stake in shares of DoubleLine Income Solutions Fund by 6.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 16,598 shares of the company’s stock valued at $204,000 after purchasing an additional 1,053 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its position in shares of DoubleLine Income Solutions Fund by 2.6% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 43,140 shares of the company’s stock worth $530,000 after buying an additional 1,075 shares during the period. Finally, World Equity Group Inc. raised its stake in shares of DoubleLine Income Solutions Fund by 10.0% during the third quarter. World Equity Group Inc. now owns 15,219 shares of the company’s stock worth $187,000 after buying an additional 1,389 shares during the last quarter.

DoubleLine Income Solutions Fund Company Profile

The DoubleLine Income Solutions Fund (NYSE: DSL) is a closed-end management investment company designed to deliver high current income and total return. The fund seeks to achieve its investment objective through monthly distributions of interest and dividend income, with the potential for capital appreciation. It trades on the New York Stock Exchange, offering investors convenient access to a diversified portfolio of fixed-income securities within a single listed vehicle.

The fund’s portfolio typically comprises a multi-sector mix of fixed-income instruments, including corporate bonds, mortgage-backed securities, asset-backed securities, municipal debt and emerging-market bonds.