Cary Street Partners Financial LLC Buys New Stake in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Cary Street Partners Financial LLC bought a new stake in TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) during the fourth quarter, according to the company in its most recent Form 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.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE grew its holdings 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 during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of TCW Strategic Income Fund by 14.4% in the 4th quarter. Ameriprise Financial Inc. now owns 997,360 shares of the financial services provider's stock valued at $4,797,000 after purchasing an additional 125,801 shares during the last quarter. 1607 Capital Partners LLC lifted its holdings in shares of TCW Strategic Income Fund by 19.7% during 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 acquiring an additional 362,207 shares in the last quarter. Raymond James Financial Inc. acquired a new position in TCW Strategic Income Fund in the 4th quarter worth $4,502,000. Finally, Invesco Ltd. increased its position 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 worth $1,916,000 after purchasing an additional 7,120 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors and hedge funds.

TCW Strategic Income Fund Price Performance

TSI remained flat at $4.91 on Friday. 16,924 shares of the company traded hands, compared to its average volume of 83,007. TCW Strategic Income Fund, Inc. has a 52-week low of $4.54 and a 52-week high of $5.21. The company's fifty day simple moving average is $4.87 and its two-hundred day simple moving average is $4.90.

TCW Strategic Income Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were paid a dividend of $0.065 per share. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from TCW Strategic Income Fund's previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 5.30%.

TCW Strategic Income Fund Company Profile

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.