DoubleLine Income Solutions Fund (NYSE:DSL) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?
by Mitch Edgeman · The Markets DailyDoubleLine Income Solutions Fund (NYSE:DSL – Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.89 and traded as low as $11.27. DoubleLine Income Solutions Fund shares last traded at $11.2950, with a volume of 566,518 shares traded.
DoubleLine Income Solutions Fund Stock Up 0.2%
The company has a 50-day moving average price of $11.32 and a two-hundred day moving average price of $11.89.
DoubleLine Income Solutions Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th will be issued a $0.11 dividend. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date is Wednesday, January 14th.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Maridea Wealth Management LLC boosted its stake in shares of DoubleLine Income Solutions Fund by 2.1% in the fourth quarter. Maridea Wealth Management LLC now owns 43,870 shares of the company’s stock valued at $494,000 after purchasing an additional 895 shares during the period. Apollon Wealth Management LLC lifted its holdings in DoubleLine Income Solutions Fund by 5.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 17,564 shares of the company’s stock worth $216,000 after buying an additional 924 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in DoubleLine Income Solutions Fund by 6.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 16,598 shares of the company’s stock valued at $204,000 after buying an additional 1,053 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its stake in shares of DoubleLine Income Solutions Fund by 2.6% during the third quarter. Pin Oak Investment Advisors Inc. now owns 43,140 shares of the company’s stock valued at $530,000 after acquiring an additional 1,075 shares in the last quarter. Finally, World Equity Group Inc. grew its stake in shares of DoubleLine Income Solutions Fund by 10.0% during the third quarter. World Equity Group Inc. now owns 15,219 shares of the company’s stock valued at $187,000 after acquiring an additional 1,389 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.