HighTower Advisors LLC Sells 4,169 Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI)

HighTower Advisors LLC decreased its holdings in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 7.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,448 shares of the financial services provider’s stock after selling 4,169 shares during the quarter. HighTower Advisors LLC’s holdings in TCW Strategic Income Fund were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Lindbrook Capital LLC purchased a new stake in shares of TCW Strategic Income Fund in the fourth quarter worth approximately $50,000. PNC Financial Services Group Inc. lifted its stake in TCW Strategic Income Fund by 102.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 51,357 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 26,012 shares in the last quarter. Transform Wealth LLC bought a new position in TCW Strategic Income Fund during the 4th quarter valued at $273,000. Noble Wealth Management PBC purchased a new position in TCW Strategic Income Fund during the 4th quarter worth $825,000. Finally, Raymond James Financial Inc. bought a new stake in shares of TCW Strategic Income Fund in the 4th quarter worth $4,502,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

TCW Strategic Income Fund Price Performance

TSI opened at $4.91 on Thursday. TCW Strategic Income Fund, Inc. has a fifty-two week low of $4.52 and a fifty-two week high of $5.21. The company’s 50-day moving average is $4.88 and its 200 day moving average is $4.95.

TCW Strategic Income Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be paid a $0.065 dividend. This is a positive change from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, March 31st. This represents a $0.26 annualized dividend and a yield of 5.30%.

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.