DoubleLine Income Solutions Fund (NYSE:DSL) Share Price Passes Above 50-Day Moving Average – Should You Sell?

DoubleLine Income Solutions Fund (NYSE:DSL) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.73 and traded as high as $12.93. DoubleLine Income Solutions Fund shares last traded at $12.89, with a volume of 450,275 shares traded.

DoubleLine Income Solutions Fund Stock Down 0.5 %

The business’s fifty day moving average price is $12.73 and its 200 day moving average price is $12.72.

DoubleLine Income Solutions Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.24%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. increased its position in shares of DoubleLine Income Solutions Fund by 1.9% in the third quarter. Pin Oak Investment Advisors Inc. now owns 43,365 shares of the company’s stock worth $562,000 after acquiring an additional 800 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in DoubleLine Income Solutions Fund by 8.0% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 12,150 shares of the company’s stock worth $152,000 after acquiring an additional 900 shares in the last quarter. GHE LLC boosted its holdings in DoubleLine Income Solutions Fund by 4.7% in the 3rd quarter. GHE LLC now owns 22,150 shares of the company’s stock worth $275,000 after acquiring an additional 1,000 shares during the period. Concorde Asset Management LLC grew its position in DoubleLine Income Solutions Fund by 4.7% in the second quarter. Concorde Asset Management LLC now owns 26,950 shares of the company’s stock valued at $337,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Hollencrest Capital Management raised its stake in shares of DoubleLine Income Solutions Fund by 2.6% during the second quarter. Hollencrest Capital Management now owns 47,427 shares of the company’s stock valued at $594,000 after purchasing an additional 1,200 shares during the period.

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.