DoubleLine Opportunistic Credit Fund (NYSE:DBL) Share Price Passes Below 200 Day Moving Average of $14.43

DoubleLine Opportunistic Credit Fund (NYSE:DBL) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.43 and traded as low as $14.27. DoubleLine Opportunistic Credit Fund shares last traded at $14.45, with a volume of 52,607 shares.

DoubleLine Opportunistic Credit Fund Stock Performance

The business’s 50 day simple moving average is $14.32 and its two-hundred day simple moving average is $14.44.

DoubleLine Opportunistic Credit Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Thursday, October 12th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, October 11th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 9.13%.

Institutional Trading of DoubleLine Opportunistic Credit Fund

A number of hedge funds and other institutional investors have recently modified their holdings of DBL. Raymond James & Associates grew its stake in shares of DoubleLine Opportunistic Credit Fund by 177.2% during the first quarter. Raymond James & Associates now owns 129,114 shares of the investment management company’s stock worth $2,164,000 after buying an additional 82,544 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of DoubleLine Opportunistic Credit Fund by 9.0% during the first quarter. HighTower Advisors LLC now owns 25,006 shares of the investment management company’s stock worth $418,000 after purchasing an additional 2,056 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of DoubleLine Opportunistic Credit Fund by 29.2% during the first quarter. Baird Financial Group Inc. now owns 32,488 shares of the investment management company’s stock worth $544,000 after purchasing an additional 7,339 shares during the period. Royal Bank of Canada lifted its holdings in shares of DoubleLine Opportunistic Credit Fund by 866.1% during the first quarter. Royal Bank of Canada now owns 98,497 shares of the investment management company’s stock worth $1,651,000 after purchasing an additional 88,302 shares during the period. Finally, Golden State Wealth Management LLC lifted its holdings in shares of DoubleLine Opportunistic Credit Fund by 10.2% during the first quarter. Golden State Wealth Management LLC now owns 12,118 shares of the investment management company’s stock worth $203,000 after purchasing an additional 1,118 shares during the period.

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.