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

DoubleLine Income Solutions Fund (NYSE:DSL) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.71 and traded as low as $12.55. DoubleLine Income Solutions Fund shares last traded at $12.57, with a volume of 258,762 shares traded.

DoubleLine Income Solutions Fund Price Performance

The firm’s 50-day simple moving average is $12.69 and its 200 day simple moving average is $12.71.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 19th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, March 19th. This represents a $1.32 annualized dividend and a dividend yield of 10.50%.

Institutional Trading of DoubleLine Income Solutions Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC increased its stake in shares of DoubleLine Income Solutions Fund by 57.1% in the fourth quarter. Lindbrook Capital LLC now owns 5,500 shares of the company’s stock worth $69,000 after purchasing an additional 2,000 shares in the last quarter. Precedent Wealth Partners LLC purchased a new position in shares of DoubleLine Income Solutions Fund in the 4th quarter worth approximately $126,000. Woodard & Co. Asset Management Group Inc. ADV purchased a new position in DoubleLine Income Solutions Fund during the fourth quarter worth $130,000. Lido Advisors LLC bought a new position in DoubleLine Income Solutions Fund during the 4th quarter valued at about $138,000. Finally, SeaCrest Wealth Management LLC bought a new position in shares of DoubleLine Income Solutions Fund during the fourth quarter valued at approximately $145,000.

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.