DoubleLine Income Solutions Fund (NYSE:DSL) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

DoubleLine Income Solutions Fund (NYSE:DSL)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.73 and traded as low as $12.48. DoubleLine Income Solutions Fund shares last traded at $12.54, with a volume of 428,776 shares trading hands.

DoubleLine Income Solutions Fund Stock Down 0.3 %

The business’s 50 day moving average is $12.66 and its 200-day moving average is $12.73.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.11 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.32 annualized dividend and a dividend yield of 10.53%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in DoubleLine Income Solutions Fund during the 3rd quarter worth approximately $29,000. Allworth Financial LP boosted its stake in shares of DoubleLine Income Solutions Fund by 588.6% in the third quarter. Allworth Financial LP now owns 5,908 shares of the company’s stock worth $77,000 after acquiring an additional 5,050 shares during the last quarter. Grove Bank & Trust purchased a new stake in shares of DoubleLine Income Solutions Fund during the third quarter worth approximately $104,000. Pathway Financial Advisers LLC raised its stake in DoubleLine Income Solutions Fund by 1,214.9% in the 3rd quarter. Pathway Financial Advisers LLC now owns 8,849 shares of the company’s stock valued at $115,000 after purchasing an additional 8,176 shares during the last quarter. Finally, Precedent Wealth Partners LLC acquired a new position in DoubleLine Income Solutions Fund in the 4th quarter valued at $126,000.

DoubleLine Income Solutions Fund Company Profile

DoubleLine Funds – DoubleLine Income Solutions Fund is a closed end fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in fixed income markets across the globe. It primarily invests in debt securities issued by domestic or foreign corporate or other issuers, obligations of foreign sovereigns or their agencies or instrumentalities, mortgage-backed securities, hybrid REIT securities that trade on an exchange, bank loans, municipal securities, and other debt securities issued by states or local governments and their agencies, authorities, and other government-sponsored enterprises.