TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) shares 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 Performance
The company has a 50 day simple moving average of $4.91 and a two-hundred 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. Shareholders of record on Monday, June 30th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend is Monday, June 30th.
Institutional Trading of TCW Strategic Income Fund
A number of hedge funds have recently bought and sold shares of TSI. Raymond James Financial Inc. purchased a new stake in TCW Strategic Income Fund in the fourth quarter valued at $4,502,000. Lindbrook Capital LLC purchased a new stake in TCW Strategic Income Fund in the 4th quarter valued at about $50,000. PNC Financial Services Group Inc. lifted its position in TCW Strategic Income Fund by 102.6% in the fourth 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 last quarter. Intellus Advisors LLC purchased a new position in TCW Strategic Income Fund during the fourth quarter worth about $221,000. Finally, Sit Investment Associates Inc. increased its position in shares of TCW Strategic Income Fund by 0.8% during the fourth quarter. Sit Investment Associates Inc. now owns 6,916,611 shares of the financial services provider's stock valued at $33,269,000 after acquiring an additional 53,056 shares during the last quarter. Institutional investors and hedge funds own 35.22% of the company's stock.
About TCW Strategic Income Fund
(
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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