DoubleLine Income Solutions Fund (NYSE:DSL) Stock Crosses Above 50-Day Moving Average – Should You Sell?

DoubleLine Income Solutions Fund (NYSE:DSL)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.30 and traded as high as $11.39. DoubleLine Income Solutions Fund shares last traded at $11.3850, with a volume of 2,309,423 shares changing hands.

DoubleLine Income Solutions Fund Stock Performance

The stock’s 50-day simple moving average is $11.30 and its 200 day simple moving average is $11.85.

DoubleLine Income Solutions Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.11 per share. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend is Wednesday, January 14th.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

A number of institutional investors have recently added to or reduced their stakes in DSL. McGowan Group Asset Management Inc. raised its stake in shares of DoubleLine Income Solutions Fund by 1.1% during the 2nd quarter. McGowan Group Asset Management Inc. now owns 3,225,943 shares of the company’s stock worth $39,486,000 after buying an additional 35,833 shares in the last quarter. UBS Group AG grew its holdings in DoubleLine Income Solutions Fund by 3.9% during the third quarter. UBS Group AG now owns 1,058,810 shares of the company’s stock worth $13,002,000 after acquiring an additional 39,491 shares during the period. Invesco Ltd. raised its position in DoubleLine Income Solutions Fund by 7.6% in the third quarter. Invesco Ltd. now owns 1,007,104 shares of the company’s stock worth $12,367,000 after acquiring an additional 71,371 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in DoubleLine Income Solutions Fund by 13.1% in the third quarter. Ameriprise Financial Inc. now owns 767,076 shares of the company’s stock valued at $9,362,000 after acquiring an additional 88,645 shares during the period. Finally, Penserra Capital Management LLC boosted its position in shares of DoubleLine Income Solutions Fund by 23.0% during the 3rd quarter. Penserra Capital Management LLC now owns 546,322 shares of the company’s stock worth $6,708,000 after purchasing an additional 102,132 shares in the last quarter.

DoubleLine Income Solutions Fund Company Profile

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.