DoubleLine Income Solutions Fund (NYSE:DSL) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

DoubleLine Income Solutions Fund (NYSE:DSL) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.75 and traded as low as $12.75. DoubleLine Income Solutions Fund shares last traded at $12.78, with a volume of 492,152 shares.

DoubleLine Income Solutions Fund Trading Down 0.8 %

The stock has a 50-day simple moving average of $12.64 and a 200 day simple moving average of $12.75.

DoubleLine Income Solutions Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, February 19th. This represents a $1.32 dividend on an annualized basis and a yield of 10.33%.

Institutional Trading of DoubleLine Income Solutions Fund

A number of institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in DoubleLine Income Solutions Fund by 7.3% during the fourth quarter. Cetera Investment Advisers now owns 213,214 shares of the company’s stock worth $2,680,000 after purchasing an additional 14,527 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of DoubleLine Income Solutions Fund by 3.2% in the fourth quarter. Ameriprise Financial Inc. now owns 690,877 shares of the company’s stock valued at $8,669,000 after acquiring an additional 21,365 shares in the last quarter. Alteri Wealth LLC purchased a new stake in shares of DoubleLine Income Solutions Fund in the fourth quarter valued at $236,000. Jane Street Group LLC lifted its position in shares of DoubleLine Income Solutions Fund by 24.7% in the fourth quarter. Jane Street Group LLC now owns 16,453 shares of the company’s stock valued at $207,000 after acquiring an additional 3,259 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of DoubleLine Income Solutions Fund by 6.2% in the fourth quarter. Comerica Bank now owns 28,067 shares of the company’s stock valued at $353,000 after acquiring an additional 1,640 shares in the last quarter.

About DoubleLine Income Solutions Fund

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.