Ameriprise Financial Inc. boosted its position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) by 14.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 997,360 shares of the financial services provider's stock after purchasing an additional 125,801 shares during the quarter. Ameriprise Financial Inc.'s holdings in TCW Strategic Income Fund were worth $4,797,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of TCW Strategic Income Fund by 1.8% in 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 in the last quarter. Lindbrook Capital LLC purchased a new position in TCW Strategic Income Fund in the 4th quarter worth approximately $50,000. PNC Financial Services Group Inc. lifted its position in 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 acquiring an additional 26,012 shares in the last quarter. Intellus Advisors LLC purchased a new stake in TCW Strategic Income Fund during the 4th quarter valued at $221,000. Finally, Sit Investment Associates Inc. boosted its stake in TCW Strategic Income Fund by 0.8% during the 4th quarter. Sit Investment Associates Inc. now owns 6,916,611 shares of the financial services provider's stock valued at $33,269,000 after purchasing an additional 53,056 shares during the last quarter. 35.22% of the stock is owned by hedge funds and other institutional investors.
TCW Strategic Income Fund Price Performance
Shares of TSI stock remained flat at $4.91 during mid-day trading on Tuesday. The stock had a trading volume of 30,948 shares, compared to its average volume of 81,662. TCW Strategic Income Fund, Inc. has a 52-week low of $4.54 and a 52-week high of $5.21. The company has a 50-day moving average of $4.87 and a 200-day moving average of $4.89.
TCW Strategic Income Fund Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were issued a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 5.30%. This is an increase from TCW Strategic Income Fund's previous quarterly dividend of $0.06. The ex-dividend date was Monday, March 31st.
TCW Strategic Income Fund Company 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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