TCW Strategic Income Fund (NYSE:TSI) Stock Price Crosses Above 50-Day Moving Average of $4.63

Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.63 and traded as high as $4.75. TCW Strategic Income Fund shares last traded at $4.75, with a volume of 76,129 shares trading hands.

TCW Strategic Income Fund Trading Up 0.8 %

The stock’s 50 day simple moving average is $4.63 and its 200 day simple moving average is $4.68.

TCW Strategic Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, June 28th. This represents a $0.24 dividend on an annualized basis and a yield of 5.05%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Stonebrook Private Inc. bought a new stake in TCW Strategic Income Fund during the 4th quarter valued at $191,000. SeaBridge Investment Advisors LLC lifted its holdings in TCW Strategic Income Fund by 4.7% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 439,905 shares of the financial services provider’s stock worth $2,019,000 after purchasing an additional 19,659 shares during the period. Sheaff Brock Investment Advisors LLC bought a new stake in shares of TCW Strategic Income Fund during the 4th quarter worth about $92,000. Whitener Capital Management Inc. raised its holdings in TCW Strategic Income Fund by 45.0% during the fourth quarter. Whitener Capital Management Inc. now owns 38,335 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 11,890 shares in the last quarter. Finally, Raymond James & Associates lifted its position in TCW Strategic Income Fund by 7.9% in the fourth quarter. Raymond James & Associates now owns 933,097 shares of the financial services provider’s stock worth $4,283,000 after purchasing an additional 68,645 shares during the period. 35.22% of the stock is currently owned by institutional investors.

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.