JP Wealth Management Inc. Acquires 207,300 Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI)

JP Wealth Management Inc. boosted its stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,042,735 shares of the financial services provider's stock after purchasing an additional 207,300 shares during the quarter. TCW Strategic Income Fund makes up 4.8% of JP Wealth Management Inc.'s investment portfolio, making the stock its 6th biggest holding. JP Wealth Management Inc.'s holdings in TCW Strategic Income Fund were worth $14,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. NBC Securities Inc. raised its holdings in TCW Strategic Income Fund by 107,262.5% during the first 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 in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in TCW Strategic Income Fund during the fourth quarter worth approximately $49,000. Lindbrook Capital LLC acquired a new stake in TCW Strategic Income Fund during the fourth quarter worth approximately $50,000. Sowell Financial Services LLC acquired a new stake in TCW Strategic Income Fund during the first quarter worth approximately $162,000. Finally, Bank of America Corp DE raised its holdings in TCW Strategic Income Fund by 11.7% during the fourth quarter. Bank of America Corp DE now owns 39,930 shares of the financial services provider's stock worth $192,000 after purchasing 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 Stock Down 0.3%

TSI stock traded down $0.02 during midday trading on Friday, reaching $4.90. 122,994 shares of the company were exchanged, compared to its average volume of 71,784. TCW Strategic Income Fund, Inc. has a 1-year low of $4.61 and a 1-year high of $5.21. The stock's 50-day simple moving average is $4.90 and its 200 day simple moving average is $4.89.

TCW Strategic Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.065 per share. The ex-dividend date is Monday, June 30th. This represents a $0.26 dividend on an annualized basis and a yield of 5.31%.

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.