Sanctuary Advisors LLC Takes $68,000 Position in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Sanctuary Advisors LLC purchased a new position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,680 shares of the financial services provider’s stock, valued at approximately $68,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSI. Comerica Bank bought a new stake in TCW Strategic Income Fund during the first quarter worth about $29,000. Merriman Wealth Management LLC bought a new stake in TCW Strategic Income Fund in the second quarter valued at approximately $48,000. Hartline Investment Corp acquired a new position in TCW Strategic Income Fund in the first quarter valued at about $108,000. Mercer Global Advisors Inc. ADV bought a new position in TCW Strategic Income Fund in the second quarter valued at approximately $108,000. Finally, Sheaff Brock Investment Advisors LLC raised its stake in shares of TCW Strategic Income Fund by 15.0% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 23,000 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 3,000 shares during the period. 35.22% of the stock is currently owned by institutional investors and hedge funds.

TCW Strategic Income Fund Stock Down 1.2 %

Shares of TSI opened at $5.06 on Tuesday. The company has a 50 day moving average of $5.09 and a 200-day moving average of $4.85. TCW Strategic Income Fund, Inc. has a twelve month low of $4.48 and a twelve month high of $5.21.

TCW Strategic Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 4.74%.

TCW Strategic Income Fund 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.