DoubleLine Income Solutions Fund (NYSE:DSL) Stock Price Passes Below 50-Day Moving Average of $19.95

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DoubleLine Income Solutions Fund (NYSE:DSL)’s share price crossed 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.

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

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 19th will be given a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.08%. The ex-dividend date is Wednesday, September 18th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC boosted its position in DoubleLine Income Solutions Fund by 100.6% during the second quarter. Private Advisor Group LLC now owns 384,306 shares of the company’s stock valued at $7,674,000 after purchasing an additional 192,715 shares during the last quarter. Shaker Financial Services LLC grew its stake in DoubleLine Income Solutions Fund by 535.1% in the second quarter. Shaker Financial Services LLC now owns 77,999 shares of the company’s stock valued at $1,558,000 after purchasing an additional 65,718 shares in the last quarter. Golden State Wealth Management LLC grew its stake in DoubleLine Income Solutions Fund by 193.2% in the second 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 in the last quarter. Morgan Stanley increased its position in shares of DoubleLine Income Solutions Fund by 1.6% during the 2nd quarter. Morgan Stanley now owns 2,910,853 shares of the company’s stock worth $58,130,000 after purchasing an additional 44,806 shares during the last quarter. Finally, Ibex Wealth Advisors increased its position in shares of DoubleLine Income Solutions Fund by 26.6% during the 2nd quarter. Ibex Wealth Advisors now owns 171,606 shares of the company’s stock worth $3,426,000 after purchasing an additional 36,046 shares during the last quarter.

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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