DoubleLine Income Solutions Fund (NYSE:DSL) Share Price Crosses Above 50 Day Moving Average – Here’s Why

DoubleLine Income Solutions Fund (NYSE:DSL)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.94 and traded as high as $11.04. DoubleLine Income Solutions Fund shares last traded at $10.9450, with a volume of 364,143 shares changing hands.

DoubleLine Income Solutions Fund Stock Performance

The firm’s fifty day moving average price is $10.94 and its 200 day moving average price is $11.10.

DoubleLine Income Solutions Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 12.0%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Maridea Wealth Management LLC lifted its holdings in shares of DoubleLine Income Solutions Fund by 2.1% during the 4th quarter. Maridea Wealth Management LLC now owns 43,870 shares of the company’s stock valued at $494,000 after buying an additional 895 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings in DoubleLine Income Solutions Fund by 6.8% in the third quarter. SeaCrest Wealth Management LLC now owns 16,598 shares of the company’s stock worth $204,000 after buying an additional 1,053 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its holdings in DoubleLine Income Solutions Fund by 2.6% in the third quarter. Pin Oak Investment Advisors Inc. now owns 43,140 shares of the company’s stock worth $530,000 after buying an additional 1,075 shares during the last quarter. Future Financial Wealth Managment LLC raised its position in DoubleLine Income Solutions Fund by 6.8% during the fourth quarter. Future Financial Wealth Managment LLC now owns 18,000 shares of the company’s stock valued at $203,000 after acquiring an additional 1,150 shares in the last quarter. Finally, World Equity Group Inc. raised its position in DoubleLine Income Solutions Fund by 7.6% during the fourth quarter. World Equity Group Inc. now owns 16,380 shares of the company’s stock valued at $185,000 after acquiring an additional 1,161 shares in the last quarter.

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.