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

Shares of 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 $12.73 and traded as low as $12.53. DoubleLine Income Solutions Fund shares last traded at $12.58, with a volume of 266,963 shares trading hands.

DoubleLine Income Solutions Fund Stock Down 0.6 %

The firm has a 50 day moving average price of $12.68 and a 200-day moving average price of $12.73.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.49%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of DoubleLine Income Solutions Fund during the third quarter worth about $29,000. EverSource Wealth Advisors LLC acquired a new position in shares of DoubleLine Income Solutions Fund during the second quarter valued at approximately $51,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of DoubleLine Income Solutions Fund in the second quarter valued at approximately $68,000. Allworth Financial LP boosted its stake in shares of DoubleLine Income Solutions Fund by 588.6% in the third quarter. Allworth Financial LP now owns 5,908 shares of the company’s stock worth $77,000 after acquiring an additional 5,050 shares during the last quarter. Finally, Grove Bank & Trust acquired a new stake in shares of DoubleLine Income Solutions Fund in the third quarter worth approximately $104,000.

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.