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

Shares of DoubleLine Income Solutions Fund (NYSE:DSL) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.66 and traded as low as $11.06. DoubleLine Income Solutions Fund shares last traded at $11.1450, with a volume of 414,036 shares changing hands.

DoubleLine Income Solutions Fund Stock Up 0.8%

The firm’s 50-day moving average is $11.39 and its 200 day moving average is $11.66.

DoubleLine Income Solutions Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 18th. This represents a c) dividend on an annualized basis and a yield of 11.8%.

Institutional Trading of DoubleLine Income Solutions Fund

Large investors have recently modified their holdings of the business. Alpine Global Management LLC purchased a new position in shares of DoubleLine Income Solutions Fund during the 4th quarter worth approximately $167,000. Sit Investment Associates Inc. purchased a new stake in DoubleLine Income Solutions Fund in the 4th quarter valued at approximately $1,272,000. Virtu Financial LLC grew its holdings in DoubleLine Income Solutions Fund by 25.8% during the 4th quarter. Virtu Financial LLC now owns 21,345 shares of the company’s stock valued at $241,000 after buying an additional 4,379 shares during the last quarter. Invesco Ltd. grew its holdings in DoubleLine Income Solutions Fund by 9.9% during the 4th quarter. Invesco Ltd. now owns 1,106,974 shares of the company’s stock valued at $12,476,000 after buying an additional 99,870 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in DoubleLine Income Solutions Fund by 4.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,424 shares of the company’s stock worth $320,000 after buying an additional 1,174 shares in the last quarter.

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.