Ameriprise Financial Inc. Has $4.80 Million Stock Position in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Ameriprise Financial Inc. raised its position in TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 997,360 shares of the financial services provider's stock after buying 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.

Several other large investors also recently modified their holdings of TSI. 1607 Capital Partners LLC raised its stake in TCW Strategic Income Fund by 19.7% during the fourth quarter. 1607 Capital Partners LLC now owns 2,202,483 shares of the financial services provider's stock worth $10,594,000 after acquiring an additional 362,207 shares during the period. Raymond James Financial Inc. bought a new stake in shares of TCW Strategic Income Fund during the fourth quarter valued at approximately $4,502,000. Invesco Ltd. boosted its position in shares of TCW Strategic Income Fund by 1.8% during the fourth quarter. Invesco Ltd. now owns 398,434 shares of the financial services provider's stock worth $1,916,000 after buying an additional 7,120 shares during the period. Sit Investment Associates Inc. boosted its position in shares of TCW Strategic Income Fund by 0.8% during the fourth quarter. Sit Investment Associates Inc. now owns 6,916,611 shares of the financial services provider's stock worth $33,269,000 after buying an additional 53,056 shares during the period. Finally, Intellus Advisors LLC bought a new position in TCW Strategic Income Fund in the 4th quarter worth approximately $221,000. 35.22% of the stock is currently owned by institutional investors and hedge funds.

TCW Strategic Income Fund Stock Down 0.1%

TCW Strategic Income Fund stock traded down $0.01 during mid-day trading on Thursday, hitting $4.93. 2,745 shares of the company's stock traded hands, compared to its average volume of 80,307. TCW Strategic Income Fund, Inc. has a one year low of $4.54 and a one year high of $5.21. The firm has a 50 day moving average price of $4.87 and a 200 day moving average price of $4.89.

TCW Strategic Income Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.28%. This is an increase from TCW Strategic Income Fund's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, March 31st.

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.