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

Shares of DoubleLine Income Solutions Fund (NYSE:DSL) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.21 and traded as low as $10.83. DoubleLine Income Solutions Fund shares last traded at $10.8550, with a volume of 312,615 shares trading hands.

DoubleLine Income Solutions Fund Stock Down 0.8%

The business has a 50 day simple moving average of $10.93 and a 200-day simple moving average of $11.21.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Wednesday, May 13th will be paid a $0.11 dividend. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date is Wednesday, May 13th.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its stake in shares of DoubleLine Income Solutions Fund by 68.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,352,914 shares of the company’s stock valued at $26,517,000 after purchasing an additional 955,010 shares in the last quarter. Bank of America Corp DE raised its stake in shares of DoubleLine Income Solutions Fund by 255.8% during the first quarter. Bank of America Corp DE now owns 1,615,318 shares of the company’s stock valued at $17,494,000 after purchasing an additional 1,161,330 shares in the last quarter. Invesco Ltd. raised its stake in shares of DoubleLine Income Solutions Fund by 9.9% during the fourth quarter. Invesco Ltd. now owns 1,106,974 shares of the company’s stock valued at $12,476,000 after purchasing an additional 99,870 shares in the last quarter. UBS Group AG raised its stake in shares of 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 valued at $13,002,000 after purchasing an additional 39,491 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of DoubleLine Income Solutions Fund by 14.9% during the first quarter. Royal Bank of Canada now owns 889,340 shares of the company’s stock valued at $9,631,000 after purchasing an additional 115,252 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.