Kovitz Investment Group Partners LLC cut its stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,637,796 shares of the financial services provider's stock after selling 395,927 shares during the quarter. 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.
A number of other institutional investors have also added to or reduced their stakes in TSI. JP Wealth Management Inc. acquired a new stake in TCW Strategic Income Fund during the 4th quarter valued at approximately $13,638,000. Raymond James Financial Inc. acquired a new stake in TCW Strategic Income Fund in the 4th quarter valued at about $4,502,000. 1607 Capital Partners LLC grew its holdings in TCW Strategic Income Fund by 19.7% in the 4th quarter. 1607 Capital Partners LLC now owns 2,202,483 shares of the financial services provider's stock valued at $10,594,000 after buying an additional 362,207 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in shares of TCW Strategic Income Fund during the 4th quarter worth approximately $825,000. Finally, Transform Wealth LLC acquired a new stake in shares of TCW Strategic Income Fund during the fourth quarter valued at about $273,000. Hedge funds and other institutional investors own 35.22% of the company's stock.
TCW Strategic Income Fund Stock Down 0.1 %
Shares of TSI traded down $0.00 during mid-day trading on Friday, hitting $4.89. 8,086 shares of the company's stock were exchanged, compared to its average volume of 90,436. TCW Strategic Income Fund, Inc. has a fifty-two week low of $4.54 and a fifty-two week high of $5.21. The stock's 50-day moving average is $4.87 and its 200-day moving average is $4.91.
TCW Strategic Income Fund Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.32%. This is a boost from TCW Strategic Income Fund's previous quarterly dividend of $0.06. The ex-dividend date was Monday, March 31st.
About TCW Strategic Income Fund
(
Free Report)
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.
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