DoubleLine Income Solutions Fund (NYSE:DSL)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $19.95 and traded as low as $19.78. DoubleLine Income Solutions Fund shares last traded at $19.80, with a volume of 2,163 shares trading hands.

The firm’s 50 day moving average price is $19.95 and its 200-day moving average price is $20.05.

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a dividend yield of 9.08%. The ex-dividend date is Wednesday, September 18th.

Several institutional investors and hedge funds have recently bought and sold shares of DSL. Private Advisor Group LLC boosted its stake in DoubleLine Income Solutions Fund by 100.6% in the second quarter. Private Advisor Group LLC now owns 384,306 shares of the company’s stock valued at $7,674,000 after acquiring an additional 192,715 shares during the last quarter. Shaker Financial Services LLC raised its position in shares of DoubleLine Income Solutions Fund by 535.1% during the 2nd quarter. Shaker Financial Services LLC now owns 77,999 shares of the company’s stock valued at $1,558,000 after acquiring an additional 65,718 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in shares of DoubleLine Income Solutions Fund by 193.2% in the 2nd quarter. Golden State Wealth Management LLC now owns 89,013 shares of the company’s stock valued at $1,777,000 after purchasing an additional 58,649 shares during the period. Morgan Stanley lifted its stake in shares of DoubleLine Income Solutions Fund by 1.6% in the 2nd quarter. Morgan Stanley now owns 2,910,853 shares of the company’s stock valued at $58,130,000 after purchasing an additional 44,806 shares during the period. Finally, Ibex Wealth Advisors lifted its stake in shares of DoubleLine Income Solutions Fund by 26.6% in the 2nd quarter. Ibex Wealth Advisors now owns 171,606 shares of the company’s stock valued at $3,426,000 after purchasing an additional 36,046 shares during the period.

DoubleLine Income Solutions Fund Company Profile (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.

Further Reading: Earnings Reports

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