DoubleLine Income Solutions Fund (NYSE:DSL) Shares Cross Below 200 Day Moving Average – Here’s What Happened

DoubleLine Income Solutions Fund (NYSE:DSL) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.66 and traded as low as $11.06. DoubleLine Income Solutions Fund shares last traded at $11.1450, with a volume of 414,036 shares trading hands.

DoubleLine Income Solutions Fund Price Performance

The firm’s 50-day moving average price is $11.38 and its 200-day moving average price is $11.66.

DoubleLine Income Solutions Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be paid a $0.11 dividend. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date is Wednesday, March 18th.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Several institutional investors have recently made changes to their positions in the stock. Eastern Bank purchased a new position in shares of DoubleLine Income Solutions Fund in the third quarter valued at $37,000. CX Institutional purchased a new stake in DoubleLine Income Solutions Fund during the 3rd quarter worth about $63,000. Advisory Services Network LLC purchased a new stake in DoubleLine Income Solutions Fund during the 3rd quarter worth about $86,000. Allworth Financial LP boosted its stake in DoubleLine Income Solutions Fund by 361.5% in the 2nd quarter. Allworth Financial LP now owns 7,652 shares of the company’s stock worth $94,000 after purchasing an additional 5,994 shares during the period. Finally, Blue Trust Inc. purchased a new position in DoubleLine Income Solutions Fund during the 4th quarter valued at about $89,000.

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.