PNC Financial Services Group Inc. Buys 26,012 Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI)

Posted by Defense World Staff on Mar 23rd, 2025

PNC Financial Services Group Inc. boosted its stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI – Free Report) by 102.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,357 shares of the financial services provider’s stock after buying an additional 26,012 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TCW Strategic Income Fund were worth $247,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TSI. JP Wealth Management Inc. bought a new position in TCW Strategic Income Fund during the fourth quarter valued at about $13,638,000. Kovitz Investment Group Partners LLC purchased a new stake in TCW Strategic Income Fund during the third quarter valued at about $10,356,000. Raymond James Financial Inc. purchased a new stake in TCW Strategic Income Fund during the fourth quarter valued at about $4,502,000. Noble Wealth Management PBC purchased a new stake in TCW Strategic Income Fund during the fourth quarter valued at about $825,000. Finally, Transform Wealth LLC purchased a new stake in TCW Strategic Income Fund during the fourth quarter valued at about $273,000. Institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Price Performance

NYSE TSI opened at $4.93 on Friday. TCW Strategic Income Fund, Inc. has a 52 week low of $4.52 and a 52 week high of $5.21. The firm’s 50-day simple moving average is $4.86 and its two-hundred day simple moving average is $4.97.

TCW Strategic Income Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.065 per share. The ex-dividend date is Monday, March 31st. This is an increase from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 5.27%.

TCW Strategic Income Fund Company Profile

(Free Report)

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.