TCW Strategic Income Fund, Inc. $TSI Shares Sold by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC sold 124,228 shares of TCW Strategic Income Fund, reducing its holdings by 7.6% to own approximately 3.17% of the fund valued at $7.36 million.
• Several large investors, including NBC Securities Inc. and Avidian Wealth Enterprises, have also recently adjusted their positions in TCW Strategic Income Fund, contributing to a total of 35.22% institutional ownership.
• TCW Strategic Income Fund recently announced a quarterly dividend of $0.065 per share, translating to an annualized yield of 5.3% for its shareholders.

Kovitz Investment Group Partners LLC decreased its stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,513,568 shares of the financial services provider's stock after selling 124,228 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 3.17% of TCW Strategic Income Fund worth $7,356,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TSI. NBC Securities Inc. increased its holdings in TCW Strategic Income Fund by 107,262.5% during the 1st quarter. NBC Securities Inc. now owns 8,589 shares of the financial services provider's stock worth $41,000 after purchasing an additional 8,581 shares during the period. Avidian Wealth Enterprises LLC acquired a new stake in shares of TCW Strategic Income Fund during the 1st quarter worth about $49,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of TCW Strategic Income Fund during the 4th quarter worth about $49,000. Sowell Financial Services LLC acquired a new stake in shares of TCW Strategic Income Fund during the 1st quarter worth about $162,000. Finally, Bank of America Corp DE raised its position in shares of TCW Strategic Income Fund by 11.7% during the 4th quarter. Bank of America Corp DE now owns 39,930 shares of the financial services provider's stock worth $192,000 after acquiring an additional 4,167 shares in the last quarter. Hedge funds and other institutional investors own 35.22% of the company's stock.

TCW Strategic Income Fund Price Performance

Shares of NYSE TSI traded up $0.01 during midday trading on Monday, hitting $4.92. 19,877 shares of the company's stock were exchanged, compared to its average volume of 45,973. TCW Strategic Income Fund, Inc. has a twelve month low of $4.61 and a twelve month high of $5.21. The firm's fifty day simple moving average is $4.91 and its 200-day simple moving average is $4.89.

TCW Strategic Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 30th were given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, June 30th.

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.