Mercer Global Advisors Inc. ADV Sells 9,826 Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI)

Mercer Global Advisors Inc. ADV trimmed its position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 29.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,986 shares of the financial services provider’s stock after selling 9,826 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in TCW Strategic Income Fund were worth $115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. raised its stake in shares of TCW Strategic Income Fund by 1.8% during the fourth quarter. Invesco Ltd. now owns 398,434 shares of the financial services provider’s stock valued at $1,916,000 after acquiring an additional 7,120 shares during the last quarter. Lindbrook Capital LLC bought a new position in TCW Strategic Income Fund in the fourth quarter worth about $50,000. PNC Financial Services Group Inc. raised its stake 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 worth $247,000 after buying an additional 26,012 shares in the last quarter. Intellus Advisors LLC bought a new position in TCW Strategic Income Fund in the fourth quarter worth about $221,000. Finally, Sit Investment Associates Inc. raised its stake in TCW Strategic Income Fund by 0.8% in the fourth quarter. Sit Investment Associates Inc. now owns 6,916,611 shares of the financial services provider’s stock worth $33,269,000 after buying an additional 53,056 shares in the last quarter. 35.22% of the stock is owned by institutional investors.

TCW Strategic Income Fund Price Performance

TSI stock opened at $4.93 on Friday. TCW Strategic Income Fund, Inc. has a 1 year low of $4.54 and a 1 year high of $5.21. The firm has a 50-day moving average of $4.87 and a 200 day moving average of $4.90.

TCW Strategic Income Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from TCW Strategic Income Fund’s previous quarterly dividend of $0.06.

About TCW Strategic Income Fund

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.