TCW Strategic Income Fund, Inc. (NYSE:TSI) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. trimmed its position in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,585 shares of the financial services provider’s stock after selling 4,324 shares during the quarter. Institute for Wealth Management LLC. owned approximately 0.35% of TCW Strategic Income Fund worth $899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of TCW Strategic Income Fund by 7.3% in the 4th quarter. Bank of America Corp DE now owns 33,462 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 2,273 shares in the last quarter. IHT Wealth Management LLC raised its stake in TCW Strategic Income Fund by 9.5% during the 1st quarter. IHT Wealth Management LLC now owns 26,600 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 2,300 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in TCW Strategic Income Fund by 17.2% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 22,107 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 3,250 shares in the last quarter. HighTower Advisors LLC raised its stake in TCW Strategic Income Fund by 4.8% during the 1st quarter. HighTower Advisors LLC now owns 72,027 shares of the financial services provider’s stock worth $373,000 after acquiring an additional 3,287 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC raised its stake in TCW Strategic Income Fund by 2.5% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 259,820 shares of the financial services provider’s stock worth $1,419,000 after acquiring an additional 6,370 shares in the last quarter. Institutional investors and hedge funds own 21.54% of the company’s stock.

NYSE:TSI traded up $0.03 during midday trading on Friday, hitting $5.83. 79,594 shares of the company were exchanged, compared to its average volume of 114,898. The company has a fifty day simple moving average of $5.64 and a 200 day simple moving average of $5.55. TCW Strategic Income Fund, Inc. has a fifty-two week low of $3.89 and a fifty-two week high of $6.01.

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were paid a dividend of $0.0906 per share. This is a positive change from TCW Strategic Income Fund’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 6.22%. The ex-dividend date of this dividend was Monday, June 29th.

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.

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Institutional Ownership by Quarter for TCW Strategic Income Fund (NYSE:TSI)

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