TCW Strategic Income Fund, Inc. (NYSE:TSI) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 7.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 933,097 shares of the financial services provider’s stock after purchasing an additional 68,645 shares during the period. Raymond James & Associates’ holdings in TCW Strategic Income Fund were worth $4,283,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. purchased a new position in TCW Strategic Income Fund in the 1st quarter valued at about $77,000. Captrust Financial Advisors acquired a new stake in TCW Strategic Income Fund during the second quarter worth about $50,000. UBS Group AG increased its stake in shares of TCW Strategic Income Fund by 1.8% in the third quarter. UBS Group AG now owns 155,858 shares of the financial services provider’s stock valued at $735,000 after purchasing an additional 2,690 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of TCW Strategic Income Fund by 13.5% in the third quarter. Commonwealth Equity Services LLC now owns 265,517 shares of the financial services provider’s stock valued at $1,253,000 after purchasing an additional 31,515 shares during the period. Finally, LPL Financial LLC increased its stake in shares of TCW Strategic Income Fund by 12.5% in the fourth quarter. LPL Financial LLC now owns 23,835 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 2,645 shares during the period. 35.22% of the stock is owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Trading Down 0.9 %

TCW Strategic Income Fund stock opened at $4.62 on Friday. The firm has a 50 day simple moving average of $4.70 and a 200-day simple moving average of $4.67. TCW Strategic Income Fund, Inc. has a 12-month low of $4.48 and a 12-month high of $4.87.

TCW Strategic Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, March 28th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Wednesday, March 27th.

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.