DoubleLine Income Solutions Fund (NYSE:DSL – Get Free Report) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $10.03 and traded as high as $10.08. DoubleLine Income Solutions Fund shares last traded at $10.0650, with a volume of 467,053 shares.
DoubleLine Income Solutions Fund Stock Up 1.2%
The company’s 50 day moving average is $10.03 and its 200 day moving average is $10.75.
DoubleLine Income Solutions Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Wednesday, November 18th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 13.1%. The ex-dividend date is Wednesday, November 18th.
Hedge Funds Weigh In On DoubleLine Income Solutions Fund
A number of institutional investors have recently modified their holdings of DSL. Bank of America Corp DE purchased a new stake in shares of DoubleLine Income Solutions Fund in the second quarter valued at approximately $22,698,000. D.A. Davidson & CO. increased its holdings in DoubleLine Income Solutions Fund by 37.7% during the 3rd quarter. D.A. Davidson & CO. now owns 924,874 shares of the company’s stock worth $9,249,000 after purchasing an additional 253,116 shares during the period. Royal Bank of Canada increased its holdings in DoubleLine Income Solutions Fund by 14.9% during the 1st quarter. Royal Bank of Canada now owns 889,340 shares of the company’s stock worth $9,631,000 after purchasing an additional 115,252 shares during the period. HighTower Advisors LLC lifted its holdings in shares of DoubleLine Income Solutions Fund by 6.6% in the 2nd quarter. HighTower Advisors LLC now owns 442,787 shares of the company’s stock worth $4,897,000 after buying an additional 27,351 shares during the period. Finally, Shaker Financial Services LLC lifted its holdings in shares of DoubleLine Income Solutions Fund by 16.7% in the 3rd quarter. Shaker Financial Services LLC now owns 415,052 shares of the company’s stock worth $4,151,000 after buying an additional 59,383 shares during the period.
About DoubleLine Income Solutions Fund
DoubleLine Income Solutions Fund (NYSE:DSL) is a closed-end investment fund managed by DoubleLine Capital LP. The fund seeks to provide a high level of current income and total return by investing in a diversified portfolio of fixed-income securities and other income-producing investments.
Its portfolio may include corporate bonds, emerging-market debt, high-yield securities, bank loans, mortgage-related investments and other debt instruments. The fund has broad geographic exposure and may invest in securities issued by companies, governments and financial institutions in the United States and international markets, including developing economies.
DoubleLine Capital is known for its focus on active fixed-income management and credit analysis.
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