Raymond James Financial Services Advisors Inc. Has $1.57 Million Stake in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Raymond James Financial Services Advisors Inc. trimmed its position in TCW Strategic Income Fund, Inc. (NYSE:TSI – Get Rating) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 331,669 shares of the financial services provider’s stock after selling 19,705 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.69% of TCW Strategic Income Fund worth $1,565,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Sit Investment Associates Inc. raised its stake in TCW Strategic Income Fund by 18.4% during the second quarter. Sit Investment Associates Inc. now owns 3,339,271 shares of the financial services provider’s stock worth $16,129,000 after acquiring an additional 519,201 shares in the last quarter. Riverbridge Partners LLC acquired a new stake in shares of TCW Strategic Income Fund during the second quarter worth about $569,000. Transatlantique Private Wealth LLC acquired a new stake in TCW Strategic Income Fund in the 2nd quarter valued at approximately $236,000. Raymond James & Associates raised its position in TCW Strategic Income Fund by 4.8% in the 1st quarter. Raymond James & Associates now owns 778,779 shares of the financial services provider’s stock valued at $4,011,000 after buying an additional 35,974 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in TCW Strategic Income Fund in the second quarter valued at approximately $147,000. 30.95% of the stock is currently owned by institutional investors and hedge funds.

TCW Strategic Income Fund Stock Performance

TSI stock opened at $4.92 on Thursday. The business has a 50 day moving average price of $4.73 and a two-hundred day moving average price of $4.81. TCW Strategic Income Fund, Inc. has a twelve month low of $4.51 and a twelve month high of $5.70.

TCW Strategic Income Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were paid a $0.153 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 12.44%. This is an increase from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, December 29th.

TCW Strategic Income Fund Company Profile

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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.