DoubleLine Income Solutions Fund (NYSE:DSL – Get Free Report)’s stock price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $10.03 and traded as high as $10.08. DoubleLine Income Solutions Fund shares last traded at $10.0650, with a volume of 467,053 shares changing hands.
DoubleLine Income Solutions Fund Price Performance
The firm’s 50-day moving average price is $10.03 and its two-hundred day moving average price is $10.75.
DoubleLine Income Solutions Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.32 dividend on an annualized basis and a yield of 13.1%.
Institutional Trading of DoubleLine Income Solutions Fund
A number of hedge funds have recently bought and sold shares of DSL. Bank of America Corp DE bought a new stake in DoubleLine Income Solutions Fund during the 2nd quarter valued at $22,698,000. Royal Bank of Canada increased its holdings in shares of DoubleLine Income Solutions Fund by 14.9% in the 1st quarter. Royal Bank of Canada now owns 889,340 shares of the company’s stock valued at $9,631,000 after acquiring an additional 115,252 shares during the period. D.A. Davidson & CO. raised its position in shares of DoubleLine Income Solutions Fund by 37.7% in the 3rd quarter. D.A. Davidson & CO. now owns 924,874 shares of the company’s stock worth $9,249,000 after acquiring an additional 253,116 shares in the last quarter. HighTower Advisors LLC raised its position in shares of DoubleLine Income Solutions Fund by 6.6% in the 2nd quarter. HighTower Advisors LLC now owns 442,787 shares of the company’s stock worth $4,897,000 after acquiring an additional 27,351 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its stake in shares of DoubleLine Income Solutions Fund by 16.7% during the 3rd quarter. Shaker Financial Services LLC now owns 415,052 shares of the company’s stock worth $4,151,000 after purchasing an additional 59,383 shares during the last quarter.
About DoubleLine Income Solutions Fund
DoubleLine Income Solutions Fund (NYSE:DSL) is a closed-end investment fund managed by DoubleLine Capital LP. The fund seeks to provide a high level of current income and total return by investing in a diversified portfolio of fixed-income securities and other income-producing investments.
Its portfolio may include corporate bonds, emerging-market debt, high-yield securities, bank loans, mortgage-related investments and other debt instruments. The fund has broad geographic exposure and may invest in securities issued by companies, governments and financial institutions in the United States and international markets, including developing economies.
DoubleLine Capital is known for its focus on active fixed-income management and credit analysis.
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