DoubleLine Income Solutions Fund (NYSE:DSL) Stock Passes Above 50 Day Moving Average of $12.60

DoubleLine Income Solutions Fund (NYSE:DSL) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.60 and traded as high as $12.86. DoubleLine Income Solutions Fund shares last traded at $12.83, with a volume of 333,131 shares.

DoubleLine Income Solutions Fund Trading Up 0.8 %

The firm has a fifty day moving average price of $12.60 and a 200 day moving average price of $12.56.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.32 annualized dividend and a yield of 10.29%.

Institutional Trading of DoubleLine Income Solutions Fund

Several institutional investors and hedge funds have recently bought and sold shares of DSL. International Assets Investment Management LLC purchased a new stake in DoubleLine Income Solutions Fund in the 4th quarter valued at about $905,000. J.W. Cole Advisors Inc. purchased a new stake in DoubleLine Income Solutions Fund in the 4th quarter valued at about $272,000. Lindbrook Capital LLC purchased a new stake in DoubleLine Income Solutions Fund in the 4th quarter valued at about $43,000. Atria Wealth Solutions Inc. raised its holdings in DoubleLine Income Solutions Fund by 6.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 91,482 shares of the company’s stock valued at $1,120,000 after buying an additional 5,250 shares during the period. Finally, Truist Financial Corp raised its holdings in DoubleLine Income Solutions Fund by 2.3% in the 4th quarter. Truist Financial Corp now owns 133,614 shares of the company’s stock valued at $1,635,000 after buying an additional 2,953 shares during the period.

About DoubleLine Income Solutions Fund

DoubleLine Funds – DoubleLine Income Solutions Fund is a closed end fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in fixed income markets across the globe. It primarily invests in debt securities issued by domestic or foreign corporate or other issuers, obligations of foreign sovereigns or their agencies or instrumentalities, mortgage-backed securities, hybrid REIT securities that trade on an exchange, bank loans, municipal securities, and other debt securities issued by states or local governments and their agencies, authorities, and other government-sponsored enterprises.