DoubleLine Income Solutions Fund (NYSE:DSL) Stock Price Crosses Above 50-Day Moving Average of $19.77

DoubleLine Income Solutions Fund (NYSE:DSL)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $19.77 and traded as high as $19.98. DoubleLine Income Solutions Fund shares last traded at $19.91, with a volume of 7,242 shares trading hands.

The firm’s 50 day moving average price is $19.77 and its two-hundred day moving average price is $20.06.

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $1.80 annualized dividend and a dividend yield of 9.05%.

Several institutional investors have recently bought and sold shares of DSL. Advisory Services Network LLC purchased a new stake in shares of DoubleLine Income Solutions Fund in the 2nd quarter valued at approximately $37,000. Signaturefd LLC purchased a new stake in shares of DoubleLine Income Solutions Fund in the 2nd quarter valued at approximately $40,000. Doyle Wealth Management purchased a new stake in shares of DoubleLine Income Solutions Fund in the 2nd quarter valued at approximately $44,000. First Manhattan Co. grew its stake in shares of DoubleLine Income Solutions Fund by 145.0% in the 2nd quarter. First Manhattan Co. now owns 2,450 shares of the company’s stock valued at $48,000 after buying an additional 1,450 shares during the period. Finally, NEXT Financial Group Inc grew its stake in shares of DoubleLine Income Solutions Fund by 1,138.8% in the 2nd quarter. NEXT Financial Group Inc now owns 3,097 shares of the company’s stock valued at $62,000 after buying an additional 2,847 shares during the period.

About DoubleLine Income Solutions Fund (NYSE:DSL)

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.

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