TCW Strategic Income Fund (NYSE:TSI) Shares Cross Below Two Hundred Day Moving Average of $4.68

TCW Strategic Income Fund, Inc. (NYSE:TSIGet Free Report)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.68 and traded as low as $4.63. TCW Strategic Income Fund shares last traded at $4.65, with a volume of 115,720 shares.

TCW Strategic Income Fund Trading Down 0.1 %

The firm’s fifty day simple moving average is $4.63 and its 200 day simple moving average is $4.68.

TCW Strategic Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 5.17%.

Institutional Trading of TCW Strategic Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of TSI. Comerica Bank purchased a new position in shares of TCW Strategic Income Fund in the 1st quarter valued at about $29,000. Sheaff Brock Investment Advisors LLC increased its stake in TCW Strategic Income Fund by 15.0% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 23,000 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 3,000 shares during the last quarter. First Foundation Advisors increased its stake in TCW Strategic Income Fund by 5.3% in the first quarter. First Foundation Advisors now owns 147,625 shares of the financial services provider’s stock valued at $710,000 after purchasing an additional 7,462 shares during the last quarter. SeaBridge Investment Advisors LLC raised its holdings in TCW Strategic Income Fund by 5.6% during the first quarter. SeaBridge Investment Advisors LLC now owns 464,352 shares of the financial services provider’s stock worth $2,234,000 after purchasing an additional 24,447 shares in the last quarter. Finally, Hartline Investment Corp purchased a new stake in shares of TCW Strategic Income Fund during the 1st quarter worth approximately $108,000. 35.22% of the stock is currently owned by institutional investors and hedge funds.

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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