DoubleLine Income Solutions Fund (NYSE:DSL) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

DoubleLine Income Solutions Fund (NYSE:DSL) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.73 and traded as low as $12.53. DoubleLine Income Solutions Fund shares last traded at $12.58, with a volume of 266,963 shares changing hands.

DoubleLine Income Solutions Fund Stock Down 0.6 %

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

DoubleLine Income Solutions Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 10.49%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of DoubleLine Income Solutions Fund in the 3rd quarter valued at about $2,138,000. Trinity Legacy Partners LLC grew its stake in DoubleLine Income Solutions Fund by 61.0% in the third quarter. Trinity Legacy Partners LLC now owns 282,462 shares of the company’s stock valued at $3,644,000 after purchasing an additional 107,032 shares in the last quarter. Intellectus Partners LLC grew its stake in DoubleLine Income Solutions Fund by 18.8% in the third quarter. Intellectus Partners LLC now owns 446,837 shares of the company’s stock valued at $5,800,000 after purchasing an additional 70,633 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of DoubleLine Income Solutions Fund during the 3rd quarter worth approximately $675,000. Finally, World Investment Advisors LLC bought a new stake in shares of DoubleLine Income Solutions Fund during the 3rd quarter worth approximately $629,000.

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.