Raymond James & Associates Sells 23,264 Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI)

Raymond James & Associates decreased its position in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 862,218 shares of the financial services provider’s stock after selling 23,264 shares during the quarter. Raymond James & Associates owned approximately 1.80% of TCW Strategic Income Fund worth $4,423,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SeaBridge Investment Advisors LLC lifted its position in shares of TCW Strategic Income Fund by 24.3% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 577,399 shares of the financial services provider’s stock worth $2,737,000 after buying an additional 113,047 shares in the last quarter. First Foundation Advisors lifted its holdings in TCW Strategic Income Fund by 5.3% during the first quarter. First Foundation Advisors now owns 147,625 shares of the financial services provider’s stock worth $710,000 after acquiring an additional 7,462 shares during the period. Tortoise Investment Management LLC bought a new position in TCW Strategic Income Fund in the 2nd quarter valued at $490,000. Whitener Capital Management Inc. increased its position in shares of TCW Strategic Income Fund by 47.3% during the 2nd quarter. Whitener Capital Management Inc. now owns 58,451 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 18,780 shares during the last quarter. Finally, Transatlantique Private Wealth LLC boosted its holdings in shares of TCW Strategic Income Fund by 36.7% in the 2nd quarter. Transatlantique Private Wealth LLC now owns 56,565 shares of the financial services provider’s stock worth $268,000 after buying an additional 15,190 shares during the last quarter. 35.22% of the stock is owned by institutional investors.

TCW Strategic Income Fund Stock Performance

TSI opened at $5.05 on Friday. TCW Strategic Income Fund, Inc. has a fifty-two week low of $4.52 and a fifty-two week high of $5.21. The firm has a 50-day moving average of $5.09 and a 200 day moving average of $4.87.

TCW Strategic Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were issued 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 dividend yield of 4.75%.

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.