DoubleLine Opportunistic Credit Fund (NYSE:DBL) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

DoubleLine Opportunistic Credit Fund (NYSE:DBL) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.61 and traded as low as $15.56. DoubleLine Opportunistic Credit Fund shares last traded at $15.58, with a volume of 35,873 shares changing hands.

DoubleLine Opportunistic Credit Fund Trading Up 0.3 %

The business’s fifty day moving average is $15.68 and its 200-day moving average is $15.61.

DoubleLine Opportunistic Credit Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 19th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.45%.

Institutional Trading of DoubleLine Opportunistic Credit Fund

A number of large investors have recently bought and sold shares of the company. Aviance Capital Partners LLC grew its stake in shares of DoubleLine Opportunistic Credit Fund by 8.2% during the 4th quarter. Aviance Capital Partners LLC now owns 82,742 shares of the investment management company’s stock worth $1,283,000 after acquiring an additional 6,259 shares during the period. World Equity Group Inc. bought a new position in DoubleLine Opportunistic Credit Fund during the fourth quarter worth about $174,000. Golden State Wealth Management LLC purchased a new position in shares of DoubleLine Opportunistic Credit Fund in the fourth quarter worth about $62,000. Stratos Wealth Advisors LLC bought a new stake in shares of DoubleLine Opportunistic Credit Fund in the fourth quarter valued at approximately $292,000. Finally, Consolidated Portfolio Review Corp lifted its stake in shares of DoubleLine Opportunistic Credit Fund by 6.8% during the 4th quarter. Consolidated Portfolio Review Corp now owns 70,787 shares of the investment management company’s stock valued at $1,097,000 after buying an additional 4,492 shares in the last quarter.

DoubleLine Opportunistic Credit Fund Company Profile

DoubleLine Opportunistic Credit Fund is a close-ended fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in the fixed income markets. It invests in debt securities including residential and commercial mortgage-backed securities, asset-backed securities, U.S Government securities, corporate debt, international sovereign debt, and short-term investments.The fund benchmarks the performance of its portfolio against the Barclays Capital U.S.