DoubleLine Income Solutions Fund (NYSE:DSL) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

DoubleLine Income Solutions Fund (NYSE:DSL) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.07 and traded as low as $10.55. DoubleLine Income Solutions Fund shares last traded at $10.5750, with a volume of 623,087 shares trading hands.

DoubleLine Income Solutions Fund Trading Down 0.5%

The stock has a fifty day moving average price of $10.88 and a 200-day moving average price of $11.07.

DoubleLine Income Solutions Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

Large investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its stake in shares of DoubleLine Income Solutions Fund by 68.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,352,914 shares of the company’s stock valued at $26,517,000 after acquiring an additional 955,010 shares during the period. Bank of America Corp DE boosted its position in DoubleLine Income Solutions Fund by 255.8% during the 1st quarter. Bank of America Corp DE now owns 1,615,318 shares of the company’s stock worth $17,494,000 after purchasing an additional 1,161,330 shares during the period. Invesco Ltd. boosted its position in DoubleLine Income Solutions Fund by 9.9% during the 4th quarter. Invesco Ltd. now owns 1,106,974 shares of the company’s stock worth $12,476,000 after purchasing an additional 99,870 shares during the period. UBS Group AG boosted its position in DoubleLine Income Solutions Fund by 3.9% during the 3rd quarter. UBS Group AG now owns 1,058,810 shares of the company’s stock worth $13,002,000 after purchasing an additional 39,491 shares during the period. Finally, Royal Bank of Canada increased its holdings in 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 purchasing an additional 115,252 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.