Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.91 and traded as high as $4.97. TCW Strategic Income Fund shares last traded at $4.88, with a volume of 716,098 shares traded.
TCW Strategic Income Fund Stock Up 0.2%
The stock has a 50-day simple moving average of $4.92 and a 200 day simple moving average of $4.88.
TCW Strategic Income Fund Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Monday, June 30th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.26 annualized dividend and a yield of 5.30%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. grew its stake in shares of TCW Strategic Income Fund by 0.8% in the first quarter. Invesco Ltd. now owns 401,659 shares of the financial services provider's stock valued at $1,952,000 after buying an additional 3,225 shares in the last quarter. Bank of America Corp DE boosted its holdings in TCW Strategic Income Fund by 11.7% during the 4th quarter. Bank of America Corp DE now owns 39,930 shares of the financial services provider's stock valued at $192,000 after acquiring an additional 4,167 shares during the period. NBC Securities Inc. boosted its holdings in TCW Strategic Income Fund by 107,262.5% during the 1st quarter. NBC Securities Inc. now owns 8,589 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 8,581 shares during the period. Avidian Wealth Enterprises LLC acquired a new position in TCW Strategic Income Fund in the 1st quarter valued at about $49,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in TCW Strategic Income Fund during the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 35.22% of the company's stock.
TCW Strategic Income Fund Company Profile
(
Get 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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