Raymond James Financial Inc. Acquires Shares of 935,886 TCW Strategic Income Fund, Inc. (NYSE:TSI)

Raymond James Financial Inc. purchased a new stake in TCW Strategic Income Fund, Inc. (NYSE:TSI) in the 4th quarter, Holdings Channel.com reports. The firm purchased 935,886 shares of the financial services provider’s stock, valued at approximately $4,502,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Transform Wealth LLC bought a new position in TCW Strategic Income Fund in the 4th quarter worth about $273,000. JP Wealth Management Inc. bought a new position in shares of TCW Strategic Income Fund during the 4th quarter valued at about $13,638,000. Noble Wealth Management PBC acquired a new position in TCW Strategic Income Fund in the fourth quarter worth approximately $825,000. Lindbrook Capital LLC acquired a new position in shares of TCW Strategic Income Fund in the 4th quarter worth $50,000. Finally, PNC Financial Services Group Inc. increased its stake in TCW Strategic Income Fund by 102.6% in the 4th 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. 35.22% of the stock is currently owned by institutional investors and hedge funds.

TCW Strategic Income Fund Stock Performance

TSI stock opened at $4.86 on Friday. The company’s 50 day simple moving average is $4.87 and its 200-day simple moving average is $4.92. TCW Strategic Income Fund, Inc. has a 52-week low of $4.52 and a 52-week high of $5.21.

TCW Strategic Income Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were paid a $0.065 dividend. This is an increase from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 5.36%. The ex-dividend date was Monday, March 31st.

TCW Strategic Income Fund Company 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.