Ieq Capital LLC Purchases New Shares in TCW Strategic Income Fund, Inc. $TSI

Key Points

• Ieq Capital LLC has purchased 76,049 shares of TCW Strategic Income Fund, Inc. (NYSE:TSI), valued at approximately $370,000, establishing a new position in the company.
• Several other institutional investors, including Ameriprise Financial Inc. and SeaBridge Investment Advisors LLC, have also increased their holdings in TCW Strategic Income Fund, demonstrating growing interest from the financial sector.
• The TCW Strategic Income Fund recently announced a quarterly dividend of $0.065, resulting in an annualized yield of 5.2% for investors.

Ieq Capital LLC bought a new stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 76,049 shares of the financial services provider's stock, valued at approximately $370,000. Ieq Capital LLC owned about 0.16% of TCW Strategic Income Fund as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. lifted its position in TCW Strategic Income Fund by 107,262.5% during the first quarter. NBC Securities Inc. now owns 8,589 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 8,581 shares during the last quarter. Avidian Wealth Enterprises LLC purchased a new position in shares of TCW Strategic Income Fund in the first quarter worth $49,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of TCW Strategic Income Fund in the fourth quarter worth $49,000. Sowell Financial Services LLC purchased a new position in shares of TCW Strategic Income Fund in the first quarter worth $162,000. Finally, Bank of America Corp DE raised its holdings in shares of TCW Strategic Income Fund by 11.7% in the fourth quarter. Bank of America Corp DE now owns 39,930 shares of the financial services provider's stock worth $192,000 after buying an additional 4,167 shares during the last quarter. Hedge funds and other institutional investors own 35.22% of the company's stock.

TCW Strategic Income Fund Trading Down 0.2%

Shares of NYSE TSI traded down $0.01 during midday trading on Thursday, reaching $4.98. The company had a trading volume of 72,613 shares, compared to its average volume of 61,775. The business's 50-day simple moving average is $4.93 and its 200 day simple moving average is $4.90. TCW Strategic Income Fund, Inc. has a 1 year low of $4.61 and a 1 year high of $5.21.

TCW Strategic Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 30th were paid a $0.065 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.2%.

TCW Strategic Income Fund 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.