DoubleLine Income Solutions Fund (NYSE:DSL) Shares Cross Below 200 Day Moving Average – Here’s Why

DoubleLine Income Solutions Fund (NYSE:DSL) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.61 and traded as low as $10.91. DoubleLine Income Solutions Fund shares last traded at $10.9450, with a volume of 592,711 shares traded.

DoubleLine Income Solutions Fund Stock Performance

The firm’s fifty day moving average price is $11.36 and its two-hundred day moving average price is $11.61.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be given a dividend of $0.11 per share. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date is Wednesday, March 18th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DSL. Ramiah Investment Group purchased a new position in shares of DoubleLine Income Solutions Fund in the 3rd quarter valued at about $684,000. D.A. Davidson & CO. boosted its position in DoubleLine Income Solutions Fund by 67.4% during the third quarter. D.A. Davidson & CO. now owns 386,715 shares of the company’s stock worth $4,749,000 after purchasing an additional 155,734 shares in the last quarter. Apollon Wealth Management LLC boosted its position in DoubleLine Income Solutions Fund by 5.6% during the third quarter. Apollon Wealth Management LLC now owns 17,564 shares of the company’s stock worth $216,000 after purchasing an additional 924 shares in the last quarter. Institute for Wealth Management LLC. grew its holdings in DoubleLine Income Solutions Fund by 13.4% in the third quarter. Institute for Wealth Management LLC. now owns 29,228 shares of the company’s stock valued at $359,000 after purchasing an additional 3,454 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in DoubleLine Income Solutions Fund by 1.3% in the second quarter. Osaic Holdings Inc. now owns 144,406 shares of the company’s stock valued at $1,768,000 after purchasing an additional 1,854 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.