TCW Strategic Income Fund, Inc. (NYSE:TSI) Position Boosted by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC lifted its stake in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 36.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,565 shares of the financial services provider’s stock after purchasing an additional 15,190 shares during the quarter. Transatlantique Private Wealth LLC owned 0.12% of TCW Strategic Income Fund worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in TSI. Comerica Bank purchased a new stake in TCW Strategic Income Fund in the 1st quarter worth approximately $29,000. Hartline Investment Corp purchased a new stake in shares of TCW Strategic Income Fund during the first quarter worth $108,000. Mercer Global Advisors Inc. ADV acquired a new stake in TCW Strategic Income Fund during the second quarter valued at $108,000. Sheaff Brock Investment Advisors LLC grew its stake in TCW Strategic Income Fund by 15.0% in the first 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 in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in TCW Strategic Income Fund in the fourth quarter valued at about $108,000. 35.22% of the stock is currently owned by institutional investors and hedge funds.

TCW Strategic Income Fund Stock Down 1.2 %

TSI opened at $5.10 on Friday. TCW Strategic Income Fund, Inc. has a fifty-two week low of $4.48 and a fifty-two week high of $5.21. The business has a 50-day moving average of $5.01 and a 200-day moving average of $4.79.

TCW Strategic Income Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Monday, September 30th.

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.