DoubleLine Income Solutions Fund (NYSE:DSL) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $20.21 and traded as high as $21.02. DoubleLine Income Solutions Fund shares last traded at $20.96, with a volume of 313,139 shares.

Separately, Stifel Nicolaus downgraded DoubleLine Income Solutions Fund from a “buy” rating to a “hold” rating in a report on Friday, October 25th.

The company has a fifty day moving average price of $20.27 and a two-hundred day moving average price of $19.97.

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be issued a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.74%. The ex-dividend date is Wednesday, February 12th.

Several institutional investors have recently bought and sold shares of DSL. Farmers & Merchants Investments Inc. acquired a new position in DoubleLine Income Solutions Fund in the 3rd quarter valued at about $27,000. Selective Wealth Management Inc. acquired a new position in DoubleLine Income Solutions Fund in the 3rd quarter valued at about $32,000. Orion Portfolio Solutions LLC acquired a new position in DoubleLine Income Solutions Fund in the 4th quarter valued at about $35,000. IMA Wealth Inc. acquired a new position in DoubleLine Income Solutions Fund in the 3rd quarter valued at about $36,000. Finally, Usca Ria LLC acquired a new position in DoubleLine Income Solutions Fund in the 3rd quarter valued at about $60,000.

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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