TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.88 and traded as low as $4.85. TCW Strategic Income Fund shares last traded at $4.86, with a volume of 125,993 shares.
TCW Strategic Income Fund Price Performance
The firm's 50-day simple moving average is $4.92 and its 200 day simple moving average is $4.88.
TCW Strategic Income Fund Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Monday, June 30th.
Institutional Investors Weigh In On TCW Strategic Income Fund
A number of large investors have recently made changes to their positions in TSI. NBC Securities Inc. boosted its stake in TCW Strategic Income Fund by 107,262.5% in the 1st quarter. NBC Securities Inc. now owns 8,589 shares of the financial services provider's stock worth $41,000 after purchasing an additional 8,581 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of TCW Strategic Income Fund in the fourth quarter worth $49,000. Avidian Wealth Enterprises LLC acquired a new stake in shares of TCW Strategic Income Fund in the first quarter worth $49,000. Focus Partners Wealth acquired a new stake in shares of TCW Strategic Income Fund in the first quarter worth $50,000. Finally, Sowell Financial Services LLC purchased a new position in TCW Strategic Income Fund during the 1st quarter valued at about $162,000. 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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