DoubleLine Opportunistic Credit Fund (NYSE:DBL) Stock Passes Above 50-Day Moving Average – Should You Sell?

Shares of DoubleLine Opportunistic Credit Fund (NYSE:DBL) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $15.52 and traded as high as $15.57. DoubleLine Opportunistic Credit Fund shares last traded at $15.47, with a volume of 51,779 shares changing hands.

DoubleLine Opportunistic Credit Fund Stock Performance

The business’s 50 day simple moving average is $15.52 and its 200 day simple moving average is $15.53.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 8.53%. The ex-dividend date is Wednesday, April 16th.

Institutional Trading of DoubleLine Opportunistic Credit Fund

Several large investors have recently added to or reduced their stakes in DBL. Strategic Wealth Partners Ltd. boosted its position in shares of DoubleLine Opportunistic Credit Fund by 0.8% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 87,336 shares of the investment management company’s stock worth $1,370,000 after buying an additional 700 shares during the period. Morse Asset Management Inc lifted its stake in DoubleLine Opportunistic Credit Fund by 150.9% in the 4th quarter. Morse Asset Management Inc now owns 1,882 shares of the investment management company’s stock worth $29,000 after acquiring an additional 1,132 shares in the last quarter. Principia Wealth Advisory LLC boosted its position in DoubleLine Opportunistic Credit Fund by 41.1% during the 1st quarter. Principia Wealth Advisory LLC now owns 3,981 shares of the investment management company’s stock worth $62,000 after acquiring an additional 1,160 shares during the period. Ignite Planners LLC boosted its position in DoubleLine Opportunistic Credit Fund by 1.6% during the 4th quarter. Ignite Planners LLC now owns 83,309 shares of the investment management company’s stock worth $1,292,000 after acquiring an additional 1,307 shares during the period. Finally, U.S. Capital Wealth Advisors LLC grew its stake in DoubleLine Opportunistic Credit Fund by 3.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 47,814 shares of the investment management company’s stock valued at $741,000 after acquiring an additional 1,670 shares in the last quarter.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S.