TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report)'s share price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $4.28 and traded as high as $4.31. TCW Strategic Income Fund shares last traded at $4.3050, with a volume of 205,055 shares changing hands.
TCW Strategic Income Fund Price Performance
The business's 50 day moving average is $4.28 and its 200 day moving average is $4.50.
TCW Strategic Income Fund Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were issued a $0.0283 dividend. The ex-dividend date of this dividend was Friday, October 16th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 7.9%.
Institutional Investors Weigh In On TCW Strategic Income Fund
Large investors have recently made changes to their positions in the stock. Fifth Third Bancorp purchased a new position in shares of TCW Strategic Income Fund during the first quarter worth $36,000. Flatrock Wealth Partners LLC purchased a new stake in TCW Strategic Income Fund in the first quarter valued at $48,000. Bank of America Corp DE purchased a new stake in TCW Strategic Income Fund in the second quarter valued at $68,000. Sanctuary Advisors LLC purchased a new stake in TCW Strategic Income Fund in the second quarter valued at $73,000. Finally, Rareview Capital LLC acquired a new stake in TCW Strategic Income Fund during the 1st quarter worth about $75,000. 35.22% of the stock is owned by hedge funds and other institutional investors.
About TCW Strategic Income Fund
(
Get Free Report)
TCW Strategic Income Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol TSI. The fund seeks to provide investors with a high level of current income and, as a secondary objective, long-term capital appreciation.
The fund invests primarily in a diversified portfolio of fixed-income securities and other income-producing assets. Its investments may include corporate bonds, high-yield securities, emerging-market debt, mortgage- and asset-backed securities, bank loans and other government or private-sector debt instruments.
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