TCW Strategic Income Fund, Inc. $TSI Shares Acquired by Rareview Capital LLC

Key Points

• Rareview Capital sharply increased its TSI position by 1,911.9% in the second quarter, adding 292,255 shares for a total of 307,541 shares valued at approximately $1.5 million.
• Other institutional investors also initiated or expanded positions, bringing institutional ownership of TCW Strategic Income Fund to 35.22%.
• TSI recently paid a monthly dividend of $0.0283 per share, representing an annualized 7.8% yield; shares opened at $4.37, near their 52-week low of $4.33.

Rareview Capital LLC increased its position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) by 1,911.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 307,541 shares of the financial services provider's stock after acquiring an additional 292,255 shares during the period. Rareview Capital LLC owned approximately 0.64% of TCW Strategic Income Fund worth $1,501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSI. Hara Capital LLC acquired a new position in shares of TCW Strategic Income Fund in the 2nd quarter worth approximately $3,406,000. Sit Investment Associates Inc. raised its holdings in shares of TCW Strategic Income Fund by 8.1% in the 4th quarter. Sit Investment Associates Inc. now owns 10,208,852 shares of the financial services provider's stock worth $50,432,000 after purchasing an additional 766,863 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in TCW Strategic Income Fund during the first quarter valued at approximately $664,000. Beacon Pointe Advisors LLC bought a new stake in TCW Strategic Income Fund during the second quarter worth approximately $106,000. Finally, Sanctuary Advisors LLC bought a new stake in TCW Strategic Income Fund during the second quarter worth approximately $73,000. 35.22% of the stock is currently owned by institutional investors.

TCW Strategic Income Fund Price Performance

NYSE TSI opened at $4.37 on Friday. TCW Strategic Income Fund, Inc. has a 1 year low of $4.33 and a 1 year high of $5.06. The business's fifty day moving average is $4.42 and its two-hundred day moving average is $4.51.

TCW Strategic Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a $0.0283 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Monday, August 17th.

TCW Strategic Income Fund Profile

TCW Strategic Income Fund NYSE: TSI is a diversified, closed-end management investment company that seeks to provide total return through high current income and capital appreciation. The fund primarily invests in a broad array of fixed-income securities, including corporate debt, high-yield bonds, mortgage- and asset-backed securities, and emerging market debt. By combining multiple credit sectors with a flexible duration approach, the fund aims to generate attractive yields while managing interest-rate and credit risks in varying market environments.

Under the management of TCW Asset Management Company LLC, a subsidiary of TCW Group founded in 1971, TSI leverages the firm's deep credit research capabilities and global trading platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source