DoubleLine Income Solutions Fund (NYSE:DSL) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

DoubleLine Income Solutions Fund (NYSE:DSL) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.32 and traded as high as $11.48. DoubleLine Income Solutions Fund shares last traded at $11.47, with a volume of 516,103 shares changing hands.

DoubleLine Income Solutions Fund Price Performance

The company has a 50-day moving average of $11.32 and a 200 day moving average of $11.78.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 18th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a c) annualized dividend and a dividend yield of 11.5%.

Institutional Trading of DoubleLine Income Solutions Fund

A number of institutional investors have recently bought and sold shares of the stock. McGowan Group Asset Management Inc. boosted its stake in DoubleLine Income Solutions Fund by 1.1% during the second quarter. McGowan Group Asset Management Inc. now owns 3,225,943 shares of the company’s stock worth $39,486,000 after buying an additional 35,833 shares during the period. UBS Group AG boosted its stake in shares of DoubleLine Income Solutions Fund by 3.9% during the 3rd quarter. UBS Group AG now owns 1,058,810 shares of the company’s stock worth $13,002,000 after purchasing an additional 39,491 shares during the period. Invesco Ltd. boosted its stake in shares of DoubleLine Income Solutions Fund by 7.6% during the 3rd quarter. Invesco Ltd. now owns 1,007,104 shares of the company’s stock worth $12,367,000 after purchasing an additional 71,371 shares during the period. Ameriprise Financial Inc. grew its holdings in DoubleLine Income Solutions Fund by 13.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 767,076 shares of the company’s stock valued at $9,362,000 after purchasing an additional 88,645 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in DoubleLine Income Solutions Fund by 23.0% in the 3rd quarter. Penserra Capital Management LLC now owns 546,322 shares of the company’s stock worth $6,708,000 after purchasing an additional 102,132 shares during the period.

About DoubleLine Income Solutions Fund

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.