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

Shares of DoubleLine Income Solutions Fund (NYSE:DSL) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.19 and traded as low as $11.05. DoubleLine Income Solutions Fund shares last traded at $11.0650, with a volume of 459,343 shares.

DoubleLine Income Solutions Fund Stock Up 0.2%

The company has a fifty day moving average of $10.92 and a 200-day moving average of $11.19.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 13th were issued a $0.11 dividend. This represents a c) annualized dividend and a yield of 11.9%. The ex-dividend date was Wednesday, May 13th.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Several institutional investors have recently bought and sold shares of the company. Maridea Wealth Management LLC raised its position in DoubleLine Income Solutions Fund by 2.1% in the fourth quarter. Maridea Wealth Management LLC now owns 43,870 shares of the company’s stock valued at $494,000 after purchasing an additional 895 shares during the period. SeaCrest Wealth Management LLC raised its position in DoubleLine Income Solutions Fund by 6.8% in the third quarter. SeaCrest Wealth Management LLC now owns 16,598 shares of the company’s stock valued at $204,000 after purchasing an additional 1,053 shares during the period. Pin Oak Investment Advisors Inc. raised its position in DoubleLine Income Solutions Fund by 2.6% in the third quarter. Pin Oak Investment Advisors Inc. now owns 43,140 shares of the company’s stock valued at $530,000 after purchasing an additional 1,075 shares during the period. Future Financial Wealth Managment LLC raised its position in DoubleLine Income Solutions Fund by 6.8% in the fourth quarter. Future Financial Wealth Managment LLC now owns 18,000 shares of the company’s stock valued at $203,000 after purchasing an additional 1,150 shares during the period. Finally, World Equity Group Inc. raised its position in DoubleLine Income Solutions Fund by 7.6% in the fourth quarter. World Equity Group Inc. now owns 16,380 shares of the company’s stock valued at $185,000 after purchasing an additional 1,161 shares during the period.

About DoubleLine Income Solutions Fund

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.