Cary Street Partners Financial LLC bought a new stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 54,268 shares of the financial services provider's stock, valued at approximately $261,000.
A number of other large investors have also modified their holdings of the company. Bank of America Corp DE increased its stake in shares of TCW Strategic Income Fund by 11.7% during the fourth quarter. Bank of America Corp DE now owns 39,930 shares of the financial services provider's stock worth $192,000 after purchasing an additional 4,167 shares in the last quarter. Ameriprise Financial Inc. grew its stake in TCW Strategic Income Fund by 14.4% during the 4th quarter. Ameriprise Financial Inc. now owns 997,360 shares of the financial services provider's stock valued at $4,797,000 after acquiring an additional 125,801 shares in the last quarter. 1607 Capital Partners LLC grew its stake in shares of TCW Strategic Income Fund by 19.7% in the 4th quarter. 1607 Capital Partners LLC now owns 2,202,483 shares of the financial services provider's stock valued at $10,594,000 after buying an additional 362,207 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of TCW Strategic Income Fund in the 4th quarter valued at approximately $4,502,000. Finally, Invesco Ltd. grew its stake in shares of TCW Strategic Income Fund by 1.8% in the 4th quarter. Invesco Ltd. now owns 398,434 shares of the financial services provider's stock valued at $1,916,000 after buying an additional 7,120 shares during the period. Institutional investors and hedge funds own 35.22% of the company's stock.
TCW Strategic Income Fund Stock Performance
Shares of TSI stock traded up $0.03 during trading hours on Wednesday, hitting $4.95. The company had a trading volume of 41,730 shares, compared to its average volume of 83,484. The company's fifty day moving average is $4.87 and its 200 day moving average is $4.90. TCW Strategic Income Fund, Inc. has a fifty-two week low of $4.54 and a fifty-two week high of $5.21.
TCW Strategic Income Fund Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were paid a $0.065 dividend. This is a positive change from TCW Strategic Income Fund's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.26 annualized dividend and a dividend yield of 5.25%.
TCW Strategic Income Fund Profile
(
Free Report)
TCW Strategic Income Fund, Inc is a close-ended 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 makes its investments in securities of companies operating across diversified sectors.
See Also
Before you consider TCW Strategic Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TCW Strategic Income Fund wasn't on the list.
While TCW Strategic Income Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
