Cary Street Partners Financial LLC Makes New Investment in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Cary Street Partners Financial LLC purchased a new stake in TCW Strategic Income Fund, Inc. (NYSE:TSI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 54,268 shares of the financial services provider’s stock, valued at approximately $261,000.

Other hedge funds also recently modified their holdings of the company. JP Wealth Management Inc. acquired a new position in TCW Strategic Income Fund in the 4th quarter worth about $13,638,000. Raymond James Financial Inc. acquired a new stake in TCW Strategic Income Fund during the 4th quarter worth approximately $4,502,000. 1607 Capital Partners LLC grew its holdings in TCW Strategic Income Fund by 19.7% during the 4th quarter. 1607 Capital Partners LLC now owns 2,202,483 shares of the financial services provider’s stock worth $10,594,000 after acquiring an additional 362,207 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of TCW Strategic Income Fund during the fourth quarter valued at $825,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of TCW Strategic Income Fund by 14.4% during the fourth quarter. Ameriprise Financial Inc. now owns 997,360 shares of the financial services provider’s stock worth $4,797,000 after purchasing an additional 125,801 shares during the period. Institutional investors and hedge funds own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Performance

NYSE TSI opened at $4.91 on Friday. TCW Strategic Income Fund, Inc. has a twelve month low of $4.54 and a twelve month high of $5.21. The stock has a fifty day simple moving average of $4.86 and a 200 day simple moving average of $4.91.

TCW Strategic Income Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were paid a $0.065 dividend. This is a boost from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.26 annualized dividend and a dividend yield of 5.30%.

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.