DoubleLine Income Solutions Fund (NYSE:DSL) Stock Crosses Above 50 Day Moving Average – Should You Sell?

DoubleLine Income Solutions Fund (NYSE:DSL)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.30 and traded as high as $11.39. DoubleLine Income Solutions Fund shares last traded at $11.3850, with a volume of 2,309,423 shares traded.

DoubleLine Income Solutions Fund Stock Up 0.5%

The firm has a 50 day moving average price of $11.29 and a 200-day moving average price of $11.84.

DoubleLine Income Solutions Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 14th will be paid a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date is Wednesday, January 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Eastern Bank purchased a new stake in shares of DoubleLine Income Solutions Fund during the 3rd quarter worth $37,000. Gridiron Partners LLC raised its stake in DoubleLine Income Solutions Fund by 2,073.2% in the third quarter. Gridiron Partners LLC now owns 415,869 shares of the company’s stock valued at $51,000 after buying an additional 396,733 shares in the last quarter. CX Institutional acquired a new stake in DoubleLine Income Solutions Fund in the third quarter valued at $63,000. Ameritas Advisory Services LLC purchased a new stake in DoubleLine Income Solutions Fund during the 2nd quarter worth about $70,000. Finally, Farther Finance Advisors LLC boosted its position in shares of DoubleLine Income Solutions Fund by 366.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,001 shares of the company’s stock worth $86,000 after acquiring an additional 5,501 shares in the last quarter.

DoubleLine Income Solutions Fund Company Profile

The DoubleLine Income Solutions Fund (NYSE: DSL) is a closed-end management investment company designed to deliver high current income and total return. The fund seeks to achieve its investment objective through monthly distributions of interest and dividend income, with the potential for capital appreciation. It trades on the New York Stock Exchange, offering investors convenient access to a diversified portfolio of fixed-income securities within a single listed vehicle.

The fund’s portfolio typically comprises a multi-sector mix of fixed-income instruments, including corporate bonds, mortgage-backed securities, asset-backed securities, municipal debt and emerging-market bonds.