Steward Partners Investment Advisory LLC Increases Equity Holdings in TCW Strategic Income Fund, Inc. (NYSE:TSI)


Steward Partners Investment Advisory LLC increased its holdings in TCW Strategic Income Fund, Inc. (NYSE:TSIGet a rating) by 23.9% in the first quarter, Participation channel reports. The institutional investor held 61,554 shares of the financial services provider after acquiring an additional 11,862 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in TCW Strategic Income Fund were worth $317,000 as of the date of its last filing with the Securities and Exchange Commission.

A number of other hedge funds also bought and sold shares of TSI. Mercer Global Advisors Inc. ADV bought a new position in TCW Strategic Income Fund in Q4, valued at around $95,000. Janney Montgomery Scott LLC increased its position in TCW Strategic Income Fund shares by 28.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 18,665 shares of the financial services provider valued at $108,000 after buying 4,118 additional shares last quarter. Sowell Financial Services LLC bought a new equity position in TCW Strategic Income Fund during Q4, valued at $200,000. Northwestern Mutual Wealth Management Co. increased its position in TCW Strategic Income Fund shares by 38.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 120,889 shares of the financial services provider valued at $697,000 after buying 33,640 additional shares last quarter. Finally, Commonwealth Equity Services LLC increased its position in TCW Strategic Income Fund shares by 7.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 227,646 shares of the financial services provider valued at $1,313,000 after buying an additional 15,632 shares last quarter. 29.89% of the shares are currently held by hedge funds and other institutional investors.

Performance of TCW Strategic Income Fund Shares

ITS open at $5.00 on Fridays. The company has a fifty-day moving average price of $4.90 and a 200-day moving average price of $5.08. TCW Strategic Income Fund, Inc. has a one-year minimum of $4.70 and a one-year maximum of $5.95.

TCW Strategic Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 8. Shareholders of record on Thursday, June 30 received a dividend of $0.055 per share. The ex-dividend date was Wednesday, June 29. This represents a dividend of $0.22 on an annualized basis and a dividend yield of 4.40%.

TCW Strategic Income Fund Profile

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TCW Strategic Income Fund, Inc. is a closed-end balanced mutual fund launched by The TCW Group, Inc. The fund is managed by TCW Investment Management Company. It invests in the public equity and fixed income markets of the United States. The fund invests in securities of companies operating in diversified sectors.

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Institutional ownership by quarter for TCW Strategic Income Fund (NYSE:TSI)



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