TCW Strategic Income Fund, Inc. (NYSE:TSI) Stake Raised by JP Wealth Management Inc.

JP Wealth Management Inc. increased its stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,042,735 shares of the financial services provider's stock after buying an additional 207,300 shares during the quarter. TCW Strategic Income Fund comprises 4.8% of JP Wealth Management Inc.'s holdings, making the stock its 6th largest position. JP Wealth Management Inc.'s holdings in TCW Strategic Income Fund were worth $14,788,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in TSI. Raymond James Financial Inc. purchased a new position in TCW Strategic Income Fund during the fourth quarter worth approximately $4,502,000. 1607 Capital Partners LLC raised its position in TCW Strategic Income Fund by 19.7% in the fourth quarter. 1607 Capital Partners LLC now owns 2,202,483 shares of the financial services provider's stock valued at $10,594,000 after purchasing an additional 362,207 shares during the period. Noble Wealth Management PBC purchased a new stake in TCW Strategic Income Fund in the fourth quarter valued at $825,000. Ameriprise Financial Inc. raised its position in TCW Strategic Income Fund by 14.4% in the fourth quarter. Ameriprise Financial Inc. now owns 997,360 shares of the financial services provider's stock valued at $4,797,000 after purchasing an additional 125,801 shares during the period. Finally, Cary Street Partners Financial LLC purchased a new stake in TCW Strategic Income Fund in the fourth quarter valued at $261,000. Hedge funds and other institutional investors own 35.22% of the company's stock.

TCW Strategic Income Fund Price Performance

NYSE:TSI remained flat at $4.92 on Thursday. The company's stock had a trading volume of 51,675 shares, compared to its average volume of 71,738. TCW Strategic Income Fund, Inc. has a 12 month low of $4.61 and a 12 month high of $5.21. The company has a 50-day moving average of $4.89 and a 200 day moving average of $4.89.

TCW Strategic Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 30th will be given a $0.065 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.26 dividend on an annualized basis and a yield of 5.28%.

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.