DoubleLine Income Solutions Fund (NYSE:DSL – Get Free Report) announced a monthly dividend on Monday, August 3rd. Investors of record on Wednesday, August 19th will be given a dividend of 0.11 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date is Wednesday, August 19th.
DoubleLine Income Solutions Fund Price Performance
NYSE:DSL traded up $0.01 during trading hours on Monday, hitting $10.68. 489,700 shares of the stock were exchanged, compared to its average volume of 572,458. The firm’s fifty day moving average price is $10.86 and its 200 day moving average price is $11.05. DoubleLine Income Solutions Fund has a 52-week low of $10.49 and a 52-week high of $12.67.
Institutional Trading of DoubleLine Income Solutions Fund
Large investors have recently made changes to their positions in the company. SeaCrest Wealth Management LLC raised its stake in DoubleLine Income Solutions Fund by 6.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 16,598 shares of the company’s stock valued at $204,000 after purchasing an additional 1,053 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in DoubleLine Income Solutions Fund by 2.6% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 43,140 shares of the company’s stock worth $530,000 after purchasing an additional 1,075 shares during the last quarter. Future Financial Wealth Managment LLC boosted its stake in DoubleLine Income Solutions Fund by 6.8% during the 4th quarter. Future Financial Wealth Managment LLC now owns 18,000 shares of the company’s stock worth $203,000 after purchasing an additional 1,150 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of DoubleLine Income Solutions Fund by 4.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,424 shares of the company’s stock worth $320,000 after buying an additional 1,174 shares in the last quarter. Finally, Stratos Wealth Advisors LLC grew its holdings in shares of DoubleLine Income Solutions Fund by 0.5% during the fourth quarter. Stratos Wealth Advisors LLC now owns 236,879 shares of the company’s stock worth $2,670,000 after buying an additional 1,235 shares in the last quarter.
About DoubleLine Income Solutions Fund
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.
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