DoubleLine Income Solutions Fund (NYSE:DSL) Shares Pass Below 200-Day Moving Average – Time to Sell?

DoubleLine Income Solutions Fund (NYSE:DSL) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.07 and traded as low as $10.55. DoubleLine Income Solutions Fund shares last traded at $10.5750, with a volume of 623,087 shares trading hands.

DoubleLine Income Solutions Fund Stock Performance

The firm has a fifty day moving average price of $10.88 and a 200 day moving average price of $11.07.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%.

Institutional Trading of DoubleLine Income Solutions Fund

Several hedge funds have recently modified their holdings of DSL. Wells Fargo & Company MN boosted its holdings in DoubleLine Income Solutions Fund by 68.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,352,914 shares of the company’s stock valued at $26,517,000 after acquiring an additional 955,010 shares during the last quarter. Bank of America Corp DE grew its stake in DoubleLine Income Solutions Fund by 255.8% in the first quarter. Bank of America Corp DE now owns 1,615,318 shares of the company’s stock valued at $17,494,000 after acquiring an additional 1,161,330 shares during the period. Invesco Ltd. increased its stake 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 worth $12,476,000 after purchasing an additional 99,870 shares in the last quarter. UBS Group AG lifted its stake in DoubleLine Income Solutions Fund by 3.9% in the third quarter. UBS Group AG now owns 1,058,810 shares of the company’s stock valued at $13,002,000 after buying an additional 39,491 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of DoubleLine Income Solutions Fund by 14.9% in the first quarter. Royal Bank of Canada now owns 889,340 shares of the company’s stock valued at $9,631,000 after buying an additional 115,252 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.