Kovitz Investment Group Partners LLC Sells 124,228 Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI)

Kovitz Investment Group Partners LLC trimmed its position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 7.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,513,568 shares of the financial services provider’s stock after selling 124,228 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 3.17% of TCW Strategic Income Fund worth $7,356,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TSI. NBC Securities Inc. boosted its position in TCW Strategic Income Fund by 107,262.5% during the 1st quarter. NBC Securities Inc. now owns 8,589 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 8,581 shares in the last quarter. Avidian Wealth Enterprises LLC purchased a new position in shares of TCW Strategic Income Fund during the first quarter valued at approximately $49,000. Wealth Enhancement Advisory Services LLC purchased a new position in TCW Strategic Income Fund in the 4th quarter worth approximately $49,000. Sowell Financial Services LLC purchased a new position in TCW Strategic Income Fund in the 1st quarter worth approximately $162,000. Finally, Bank of America Corp DE raised its holdings in TCW Strategic Income Fund by 11.7% in the 4th quarter. Bank of America Corp DE now owns 39,930 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 4,167 shares during the last quarter. 35.22% of the stock is owned by institutional investors.

TCW Strategic Income Fund Stock Performance

Shares of NYSE TSI opened at $4.92 on Friday. 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 $4.91 and a 200 day moving average of $4.89.

TCW Strategic Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Monday, June 30th were paid a dividend of $0.065 per share. The ex-dividend date was Monday, June 30th. This represents a $0.26 dividend on an annualized basis and a yield of 5.3%.

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.