DoubleLine Income Solutions Fund (NYSE:DSL) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

DoubleLine Income Solutions Fund (NYSE:DSL)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.75 and traded as low as $12.75. DoubleLine Income Solutions Fund shares last traded at $12.78, with a volume of 492,152 shares trading hands.

DoubleLine Income Solutions Fund Stock Down 0.8 %

The stock has a fifty day moving average price of $12.64 and a 200-day moving average price of $12.75.

DoubleLine Income Solutions Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 10.33%. The ex-dividend date is Wednesday, February 19th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in DoubleLine Income Solutions Fund by 12.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,223,724 shares of the company’s stock worth $15,382,000 after acquiring an additional 138,152 shares during the period. Invesco Ltd. grew its holdings in DoubleLine Income Solutions Fund by 11.0% during the fourth quarter. Invesco Ltd. now owns 879,962 shares of the company’s stock worth $11,061,000 after acquiring an additional 86,867 shares during the period. Ameriprise Financial Inc. grew its holdings in DoubleLine Income Solutions Fund by 3.2% during the fourth quarter. Ameriprise Financial Inc. now owns 690,877 shares of the company’s stock worth $8,669,000 after acquiring an additional 21,365 shares during the period. Stifel Financial Corp grew its holdings in DoubleLine Income Solutions Fund by 11.8% during the fourth quarter. Stifel Financial Corp now owns 685,283 shares of the company’s stock worth $8,614,000 after acquiring an additional 72,527 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in DoubleLine Income Solutions Fund during the fourth quarter worth $8,321,000.

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.