TCW Strategic Income Fund, Inc. (NYSE:TSI) Stake Lowered by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lessened its position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,637,796 shares of the financial services provider's stock after selling 395,927 shares during the period. Kovitz Investment Group Partners LLC's holdings in TCW Strategic Income Fund were worth $7,878,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TSI. Lindbrook Capital LLC purchased a new stake in shares of TCW Strategic Income Fund in the fourth quarter worth about $50,000. Intellus Advisors LLC bought a new position in TCW Strategic Income Fund during the fourth quarter worth $221,000. PNC Financial Services Group Inc. boosted its holdings in shares of TCW Strategic Income Fund by 102.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 51,357 shares of the financial services provider's stock valued at $247,000 after buying an additional 26,012 shares during the period. Transform Wealth LLC acquired a new position in TCW Strategic Income Fund in the fourth quarter valued at approximately $273,000. Finally, Noble Wealth Management PBC bought a new position in TCW Strategic Income Fund during the 4th quarter worth $825,000. 35.22% of the stock is owned by institutional investors and hedge funds.

TCW Strategic Income Fund Price Performance

Shares of TSI stock remained flat at $4.88 during trading hours on Wednesday. 26,686 shares of the company were exchanged, compared to its average volume of 92,050. The company's fifty day simple moving average is $4.87 and its 200-day simple moving average is $4.92. TCW Strategic Income Fund, Inc. has a 1-year low of $4.53 and a 1-year high of $5.21.

TCW Strategic Income Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were paid a dividend of $0.065 per share. The ex-dividend date was Monday, March 31st. This represents a $0.26 annualized dividend and a yield of 5.33%. This is an increase from TCW Strategic Income Fund's previous quarterly dividend of $0.06.

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.