DoubleLine Opportunistic Credit Fund (NYSE:DBL) Stock Price Passes Above 50 Day Moving Average – What’s Next?

DoubleLine Opportunistic Credit Fund (NYSE:DBL) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $15.52 and traded as high as $15.66. DoubleLine Opportunistic Credit Fund shares last traded at $15.64, with a volume of 63,700 shares trading hands.

DoubleLine Opportunistic Credit Fund Stock Up 0.8%

The firm has a fifty day moving average price of $15.52 and a 200 day moving average price of $15.44.

DoubleLine Opportunistic Credit Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a $0.11 dividend. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Wednesday, October 15th.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Several hedge funds have recently modified their holdings of DBL. Golden State Wealth Management LLC lifted its holdings in shares of DoubleLine Opportunistic Credit Fund by 101.9% in the 1st quarter. Golden State Wealth Management LLC now owns 8,037 shares of the investment management company’s stock valued at $126,000 after buying an additional 4,056 shares during the period. Aviance Capital Partners LLC lifted its holdings in shares of DoubleLine Opportunistic Credit Fund by 8.7% in the 1st quarter. Aviance Capital Partners LLC now owns 89,968 shares of the investment management company’s stock valued at $1,406,000 after buying an additional 7,226 shares during the period. Stratos Wealth Advisors LLC lifted its holdings in shares of DoubleLine Opportunistic Credit Fund by 85.4% in the 1st quarter. Stratos Wealth Advisors LLC now owns 34,963 shares of the investment management company’s stock valued at $546,000 after buying an additional 16,104 shares during the period. Ignite Planners LLC raised its holdings in DoubleLine Opportunistic Credit Fund by 1.1% during the first quarter. Ignite Planners LLC now owns 84,248 shares of the investment management company’s stock worth $1,302,000 after purchasing an additional 939 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in DoubleLine Opportunistic Credit Fund by 49.4% during the first quarter. LPL Financial LLC now owns 212,935 shares of the investment management company’s stock worth $3,328,000 after purchasing an additional 70,435 shares during the last quarter.

About DoubleLine Opportunistic Credit Fund

DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S.