Ameriprise Financial Inc. raised its stake in TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) by 14.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 997,360 shares of the financial services provider's stock after acquiring an additional 125,801 shares during the period. Ameriprise Financial Inc.'s holdings in TCW Strategic Income Fund were worth $4,797,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC acquired a new position in TCW Strategic Income Fund in the 4th quarter valued at $50,000. Intellus Advisors LLC bought a new position in shares of TCW Strategic Income Fund in the 4th quarter valued at $221,000. PNC Financial Services Group Inc. increased its stake in shares of TCW Strategic Income Fund by 102.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 51,357 shares of the financial services provider's stock valued at $247,000 after purchasing an additional 26,012 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of TCW Strategic Income Fund in the 4th quarter valued at $825,000. Finally, Invesco Ltd. increased 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 purchasing an additional 7,120 shares during the last quarter. 35.22% of the stock is owned by institutional investors and hedge funds.
TCW Strategic Income Fund Trading Up 0.1%
Shares of TSI traded up $0.01 during midday trading on Thursday, hitting $4.94. The company's stock had a trading volume of 31,886 shares, compared to its average volume of 79,667. TCW Strategic Income Fund, Inc. has a one year low of $4.58 and a one year high of $5.21. The company's fifty day simple moving average is $4.87 and its two-hundred day simple moving average is $4.89.
TCW Strategic Income Fund Increases Dividend
The firm also recently declared 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 was Monday, March 31st. This represents a $0.26 annualized dividend and a dividend yield of 5.27%.
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.
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