TCW Strategic Income Fund, Inc. (NYSE:TSI) Holdings Increased by JP Wealth Management Inc.

JP Wealth Management Inc. boosted its holdings in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 7.3% in the first quarter, HoldingsChannel reports. The fund owned 3,042,735 shares of the financial services provider’s stock after acquiring an additional 207,300 shares during the period. TCW Strategic Income Fund accounts for 4.8% of JP Wealth Management Inc.’s portfolio, making the stock its 6th biggest holding. JP Wealth Management Inc.’s holdings in TCW Strategic Income Fund were worth $14,788,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Sit Investment Associates Inc. increased its holdings in shares of TCW Strategic Income Fund by 0.8% during the fourth quarter. Sit Investment Associates Inc. now owns 6,916,611 shares of the financial services provider’s stock valued at $33,269,000 after acquiring an additional 53,056 shares in the last quarter. 1607 Capital Partners LLC grew its position 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 valued at $10,594,000 after purchasing an additional 362,207 shares during the last quarter. Ameriprise Financial Inc. grew its position in TCW Strategic Income Fund by 14.4% during the 4th quarter. Ameriprise Financial Inc. now owns 997,360 shares of the financial services provider’s stock valued at $4,797,000 after purchasing an additional 125,801 shares during the last quarter. Raymond James Financial Inc. bought a new stake in TCW Strategic Income Fund during the 4th quarter valued at about $4,502,000. Finally, Invesco Ltd. increased its stake in TCW Strategic Income Fund by 1.8% during the 4th quarter. Invesco Ltd. now owns 398,434 shares of the financial services provider’s stock valued at $1,916,000 after purchasing an additional 7,120 shares in the last quarter. 35.22% of the stock is owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Stock Performance

Shares of NYSE TSI opened at $4.93 on Wednesday. TCW Strategic Income Fund, Inc. has a twelve month low of $4.61 and a twelve month high of $5.21. The company has a 50 day moving average of $4.89 and a 200 day moving average of $4.89.

TCW Strategic Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Monday, June 30th will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Monday, June 30th.

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.