DoubleLine Income Solutions Fund (NYSE:DSL) Stock Crosses Below 200 Day Moving Average – Should You Sell?

DoubleLine Income Solutions Fund (NYSE:DSL) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.73 and traded as low as $12.57. DoubleLine Income Solutions Fund shares last traded at $12.60, with a volume of 297,903 shares.

DoubleLine Income Solutions Fund Stock Up 0.0 %

The stock has a fifty day simple moving average of $12.68 and a 200-day simple moving average of $12.73.

DoubleLine Income Solutions Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 19th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 10.48%. The ex-dividend date is Wednesday, March 19th.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Hedge funds have recently made changes to their positions in the stock. Lindbrook Capital LLC raised its holdings in DoubleLine Income Solutions Fund by 57.1% in the 4th quarter. Lindbrook Capital LLC now owns 5,500 shares of the company’s stock valued at $69,000 after acquiring an additional 2,000 shares in the last quarter. Precedent Wealth Partners LLC acquired a new position in shares of DoubleLine Income Solutions Fund in the fourth quarter valued at $126,000. Fisher Asset Management LLC bought a new position in DoubleLine Income Solutions Fund in the third quarter worth $133,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in DoubleLine Income Solutions Fund during the fourth quarter worth $130,000. Finally, Lido Advisors LLC bought a new stake in DoubleLine Income Solutions Fund in the 4th quarter valued at $138,000.

About DoubleLine Income Solutions Fund

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.