DoubleLine Income Solutions Fund (NYSE:DSL) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

DoubleLine Income Solutions Fund (NYSE:DSL)’s share price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $10.69 and traded as low as $9.70. DoubleLine Income Solutions Fund shares last traded at $9.7550, with a volume of 585,178 shares changing hands.

DoubleLine Income Solutions Fund Stock Performance

The company’s 50 day moving average is $10.30 and its two-hundred day moving average is $10.69.

DoubleLine Income Solutions Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 13.5%. The ex-dividend date is Wednesday, October 14th.

Institutional Trading of DoubleLine Income Solutions Fund

Large investors have recently added to or reduced their stakes in the company. Pension & Wealth Management Advisors Inc. lifted its position in DoubleLine Income Solutions Fund by 6.0% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 52,298 shares of the company’s stock worth $523,000 after buying an additional 2,952 shares during the last quarter. B.A. Schrock Wealth Management Inc. bought a new position in DoubleLine Income Solutions Fund in the 3rd quarter worth about $1,318,000. Triumph Capital Management increased its holdings in DoubleLine Income Solutions Fund by 9.7% during the 3rd quarter. Triumph Capital Management now owns 38,164 shares of the company’s stock worth $382,000 after purchasing an additional 3,387 shares during the period. Shaker Financial Services LLC increased its stake in shares of DoubleLine Income Solutions Fund by 16.7% during the third quarter. Shaker Financial Services LLC now owns 415,052 shares of the company’s stock valued at $4,151,000 after buying an additional 59,383 shares during the period. Finally, Sage Capital Advisors llc raised its holdings in shares of DoubleLine Income Solutions Fund by 76.7% in the 3rd quarter. Sage Capital Advisors llc now owns 50,193 shares of the company’s stock valued at $502,000 after purchasing an additional 21,786 shares in the last quarter.

DoubleLine Income Solutions Fund Company Profile

DoubleLine Income Solutions Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol DSL. The fund seeks to provide a high level of current income while also pursuing total return through investments in a diversified portfolio of fixed-income securities.

The fund may invest across global credit markets, including corporate bonds, emerging-market debt, mortgage- and asset-backed securities, government and sovereign obligations, bank loans, and other income-producing instruments.