Sit Investment Associates Inc. decreased its holdings in shares of Doubleline Opportunistic Credit Fund common stock (NYSE:DBL) by 41.4% in the second quarter, Holdings Channel reports. The firm owned 223,575 shares of the investment management company’s stock after selling 157,959 shares during the quarter. Sit Investment Associates Inc.’s holdings in Doubleline Opportunistic Credit Fund common stock were worth $4,666,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DBL. Citadel Advisors LLC bought a new position in Doubleline Opportunistic Credit Fund common stock during the 1st quarter valued at approximately $324,000. Guggenheim Capital LLC raised its position in shares of Doubleline Opportunistic Credit Fund common stock by 34.8% in the 4th quarter. Guggenheim Capital LLC now owns 17,337 shares of the investment management company’s stock worth $385,000 after acquiring an additional 4,471 shares in the last quarter. Advisor Group Inc. raised its position in shares of Doubleline Opportunistic Credit Fund common stock by 115.3% in the 4th quarter. Advisor Group Inc. now owns 33,516 shares of the investment management company’s stock worth $744,000 after acquiring an additional 17,946 shares in the last quarter. BB&T Securities LLC raised its position in shares of Doubleline Opportunistic Credit Fund common stock by 63.3% in the 1st quarter. BB&T Securities LLC now owns 49,518 shares of the investment management company’s stock worth $1,069,000 after acquiring an additional 19,187 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Doubleline Opportunistic Credit Fund common stock by 15.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 70,588 shares of the investment management company’s stock worth $1,566,000 after acquiring an additional 9,658 shares in the last quarter.

Shares of Doubleline Opportunistic Credit Fund common stock opened at $20.83 on Friday, MarketBeat reports. Doubleline Opportunistic Credit Fund common stock has a 52-week low of $20.48 and a 52-week high of $25.25.

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Thursday, July 12th will be given a $0.167 dividend. This represents a $2.00 annualized dividend and a dividend yield of 9.62%. The ex-dividend date of this dividend is Wednesday, July 11th.

Doubleline Opportunistic Credit Fund common stock Company Profile

DoubleLine Opportunistic Credit Fund is a non-diversified closed-end management investment company. The Fund’s investment objective is to seek high total investment return by providing a high level of current income and the potential for capital appreciation. The Fund may invest in debt securities and income-producing investments of any kind, including, without limitation, residential and commercial mortgage-backed securities, asset-backed securities, the United States Government securities, corporate debt, international sovereign debt and short-term investments.

Further Reading: Understanding Relative Strength Index

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Institutional Ownership by Quarter for Doubleline Opportunistic Credit Fund common stock (NYSE:DBL)

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