DoubleLine Income Solutions Fund (NYSE:DSL) Stock Price Passes Below 50-Day Moving Average of $20.15

Shares of DoubleLine Income Solutions Fund (NYSE:DSL) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $20.15 and traded as low as $19.99. DoubleLine Income Solutions Fund shares last traded at $20.06, with a volume of 1,700 shares trading hands.

The business’s fifty day moving average price is $20.15.

The company also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were issued a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 9.01%. The ex-dividend date was Wednesday, June 12th.

A number of hedge funds have recently made changes to their positions in DSL. Pecaut & CO. bought a new position in DoubleLine Income Solutions Fund during the 1st quarter valued at about $255,000. B. Riley Wealth Management Inc. lifted its holdings in DoubleLine Income Solutions Fund by 10.0% during the 1st quarter. B. Riley Wealth Management Inc. now owns 90,648 shares of the company’s stock valued at $1,807,000 after purchasing an additional 8,222 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in DoubleLine Income Solutions Fund by 5.7% during the 1st quarter. First Trust Advisors LP now owns 225,816 shares of the company’s stock valued at $4,501,000 after purchasing an additional 12,181 shares during the last quarter.

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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