Sit Investment Associates Inc. Grows Stock Holdings in TCW Strategic Income Fund, Inc. $TSI

Key Points

• Sit Investment Associates Inc. has increased its holdings in TCW Strategic Income Fund by 8.2%, acquiring an additional 570,125 shares, totaling 7,486,736 shares owned.
• TCW Strategic Income Fund recently announced a $0.065 quarterly dividend, reflecting an annualized yield of 5.3% for shareholders of record as of June 30.
• As of the latest quarter, institutional investors hold 35.22% of TCW Strategic Income Fund's stock, indicating strong institutional interest in the fund.

Sit Investment Associates Inc. boosted its holdings in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) by 8.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 7,486,736 shares of the financial services provider's stock after purchasing an additional 570,125 shares during the period. TCW Strategic Income Fund makes up 0.9% of Sit Investment Associates Inc.'s investment portfolio, making the stock its 23rd largest holding. Sit Investment Associates Inc. owned about 15.67% of TCW Strategic Income Fund worth $36,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. JP Wealth Management Inc. grew its position in TCW Strategic Income Fund by 7.3% during the 1st quarter. JP Wealth Management Inc. now owns 3,042,735 shares of the financial services provider's stock worth $14,788,000 after purchasing an additional 207,300 shares during the last quarter. 1607 Capital Partners LLC grew its position in TCW Strategic Income Fund by 19.7% during the 4th quarter. 1607 Capital Partners LLC now owns 2,202,483 shares of the financial services provider's stock worth $10,594,000 after purchasing an additional 362,207 shares during the last quarter. Ameriprise Financial Inc. grew its position in TCW Strategic Income Fund by 14.4% during the 4th quarter. Ameriprise Financial Inc. now owns 997,360 shares of the financial services provider's stock worth $4,797,000 after purchasing an additional 125,801 shares during the last quarter. Raymond James Financial Inc. purchased a new position in TCW Strategic Income Fund during the 4th quarter worth $4,502,000. Finally, SeaBridge Investment Advisors LLC grew its position in TCW Strategic Income Fund by 30.4% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 684,704 shares of the financial services provider's stock worth $3,328,000 after purchasing an additional 159,643 shares during the last quarter. 35.22% of the stock is owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Trading Up 0.2%

TCW Strategic Income Fund stock 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 68,012. TCW Strategic Income Fund, Inc. has a 12-month low of $4.61 and a 12-month high of $5.21. The firm's 50 day simple moving average is $4.91 and its 200 day simple moving average is $4.89.

TCW Strategic Income Fund Announces Dividend

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

About TCW Strategic Income Fund

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.