DoubleLine Income Solutions Fund (NYSE:DSL) Stock Crosses Above 50-Day Moving Average – Here’s Why

DoubleLine Income Solutions Fund (NYSE:DSL)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.12 and traded as high as $11.13. DoubleLine Income Solutions Fund shares last traded at $11.10, with a volume of 459,796 shares.

DoubleLine Income Solutions Fund Trading Up 0.1%

The company’s 50 day simple moving average is $11.12 and its 200-day simple moving average is $11.35.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be paid a dividend of $0.11 per share. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend is Wednesday, April 15th.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Several hedge funds have recently modified their holdings of the company. Kestra Private Wealth Services LLC acquired a new stake in shares of DoubleLine Income Solutions Fund during the 1st quarter worth about $124,000. Rockefeller Capital Management L.P. boosted its stake in shares of DoubleLine Income Solutions Fund by 6.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 57,063 shares of the company’s stock worth $643,000 after purchasing an additional 3,313 shares during the last quarter. World Investment Advisors acquired a new stake in shares of DoubleLine Income Solutions Fund during the 4th quarter worth about $262,000. Alpine Global Management LLC acquired a new stake in shares of DoubleLine Income Solutions Fund during the 4th quarter worth about $167,000. Finally, Sit Investment Associates Inc. acquired a new stake in shares of DoubleLine Income Solutions Fund during the 4th quarter worth about $1,272,000.

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.