TCW Strategic Income Fund (NYSE:TSI) Share Price Crosses Below 200 Day Moving Average - Here's Why

Key Points

• TCW Strategic Income Fund's share price has fallen below its 200-day moving average of $4.92, reaching a low of $4.91 during trading.
• The fund recently announced a $0.065 quarterly dividend, translating to an annualized yield of 5.3% for shareholders of record on September 30th.
• Institutional investors and hedge funds now hold approximately 35.22% of TCW Strategic Income Fund's stock, with several firms increasing their stakes in recent quarters.

TCW Strategic Income Fund, Inc. (NYSE:TSI - )'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.92 and traded as low as $4.91. TCW Strategic Income Fund shares last traded at $4.94, with a volume of 90,461 shares traded.

TCW Strategic Income Fund Stock Down 0.2%

The business's fifty day simple moving average is $4.96 and its 200 day simple moving average is $4.92.

TCW Strategic Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 30th.

Hedge Funds Weigh In On TCW Strategic Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. lifted its stake in TCW Strategic Income Fund by 8.2% in the first quarter. Sit Investment Associates Inc. now owns 7,486,736 shares of the financial services provider's stock valued at $36,386,000 after buying an additional 570,125 shares during the last quarter. 1607 Capital Partners LLC lifted its stake in TCW Strategic Income Fund by 21.2% in the first quarter. 1607 Capital Partners LLC now owns 2,670,304 shares of the financial services provider's stock valued at $12,978,000 after buying an additional 467,821 shares during the last quarter. JP Wealth Management Inc. lifted its stake in TCW Strategic Income Fund by 5.6% in the second quarter. JP Wealth Management Inc. now owns 3,213,023 shares of the financial services provider's stock valued at $15,680,000 after buying an additional 170,288 shares during the last quarter. SeaBridge Investment Advisors LLC lifted its stake in TCW Strategic Income Fund by 30.4% in the first quarter. SeaBridge Investment Advisors LLC now owns 684,704 shares of the financial services provider's stock valued at $3,328,000 after buying an additional 159,643 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in TCW Strategic Income Fund in the second quarter valued at $772,000. Institutional investors and hedge funds own 35.22% of the company's stock.

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.

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