PNC Financial Services Group Inc. Trims Position in TCW Strategic Income Fund, Inc. $TSI

PNC Financial Services Group Inc. trimmed its position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 17.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,366 shares of the financial services provider’s stock after selling 8,991 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.09% of TCW Strategic Income Fund worth $206,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TSI. Ameriprise Financial Inc. increased its holdings in TCW Strategic Income Fund by 14.4% in the 4th quarter. Ameriprise Financial Inc. now owns 997,360 shares of the financial services provider’s stock worth $4,797,000 after acquiring an additional 125,801 shares in the last quarter. SeaBridge Investment Advisors LLC grew its holdings in shares of TCW Strategic Income Fund by 30.4% during the first quarter. SeaBridge Investment Advisors LLC now owns 684,704 shares of the financial services provider’s stock worth $3,328,000 after buying an additional 159,643 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of 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 buying an additional 4,167 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of TCW Strategic Income Fund during the fourth quarter worth $261,000. Finally, JP Wealth Management Inc. boosted its position in shares of TCW Strategic Income Fund by 7.3% during the 1st quarter. JP Wealth Management Inc. now owns 3,042,735 shares of the financial services provider’s stock valued at $14,788,000 after acquiring an additional 207,300 shares during the last quarter. 35.22% of the stock is owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Price Performance

Shares of TSI stock opened at $4.92 on Monday. The company’s 50-day moving average price is $4.91 and its 200-day moving average price is $4.89. TCW Strategic Income Fund, Inc. has a twelve month low of $4.61 and a twelve month high of $5.21.

TCW Strategic Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 30th were paid a $0.065 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.26 annualized dividend and a dividend yield of 5.3%.

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.