Wealth Enhancement Advisory Services LLC Takes $49,000 Position in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Wealth Enhancement Advisory Services LLC bought a new stake in TCW Strategic Income Fund, Inc. (NYSE:TSI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,088 shares of the financial services provider’s stock, valued at approximately $49,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC purchased a new position in TCW Strategic Income Fund during the fourth quarter worth about $50,000. Bank of America Corp DE raised its holdings in TCW Strategic Income Fund by 11.7% during the fourth quarter. Bank of America Corp DE now owns 39,930 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 4,167 shares in the last quarter. Intellus Advisors LLC purchased a new position in TCW Strategic Income Fund during the fourth quarter worth about $221,000. PNC Financial Services Group Inc. raised its holdings in TCW Strategic Income Fund by 102.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 51,357 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 26,012 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in TCW Strategic Income Fund during the fourth quarter worth about $261,000. 35.22% of the stock is owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Price Performance

NYSE TSI opened at $4.92 on Thursday. TCW Strategic Income Fund, Inc. has a 52-week low of $4.61 and a 52-week high of $5.21. The firm has a 50-day moving average price of $4.89 and a 200 day moving average price of $4.89.

TCW Strategic Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Monday, June 30th will be issued a dividend of $0.065 per share. The ex-dividend date is Monday, June 30th. This represents a $0.26 annualized dividend and a yield of 5.28%.

TCW Strategic Income Fund Profile

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.