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

DoubleLine Income Solutions Fund (NYSE:DSL)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.73 and traded as low as $12.57. DoubleLine Income Solutions Fund shares last traded at $12.60, with a volume of 297,903 shares changing hands.

DoubleLine Income Solutions Fund Stock Performance

The firm’s 50-day simple moving average is $12.68 and its 200 day simple moving average is $12.72.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 19th. This represents a $1.32 annualized dividend and a yield of 10.50%.

Institutional Investors Weigh In On DoubleLine Income Solutions Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC raised its holdings in DoubleLine Income Solutions Fund by 57.1% during the fourth quarter. Lindbrook Capital LLC now owns 5,500 shares of the company’s stock worth $69,000 after purchasing an additional 2,000 shares during the last quarter. Precedent Wealth Partners LLC purchased a new stake in shares of DoubleLine Income Solutions Fund in the fourth quarter valued at $126,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of DoubleLine Income Solutions Fund during the fourth quarter valued at $130,000. Fisher Asset Management LLC purchased a new stake in DoubleLine Income Solutions Fund during the 3rd quarter worth about $133,000. Finally, Lido Advisors LLC purchased a new position in DoubleLine Income Solutions Fund in the 4th quarter valued at about $138,000.

DoubleLine Income Solutions Fund Company Profile

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.