First Foundation Advisors Sells 5,306 Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI)

First Foundation Advisors lowered its position in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,617 shares of the financial services provider’s stock after selling 5,306 shares during the quarter. First Foundation Advisors’ holdings in TCW Strategic Income Fund were worth $354,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in TCW Strategic Income Fund during the fourth quarter worth about $4,502,000. Invesco Ltd. grew its holdings in shares of TCW Strategic Income Fund by 1.8% during the fourth quarter. Invesco Ltd. now owns 398,434 shares of the financial services provider’s stock worth $1,916,000 after purchasing an additional 7,120 shares in the last quarter. Sit Investment Associates Inc. increased its position in shares of TCW Strategic Income Fund by 0.8% in the fourth quarter. Sit Investment Associates Inc. now owns 6,916,611 shares of the financial services provider’s stock worth $33,269,000 after purchasing an additional 53,056 shares during the last quarter. Intellus Advisors LLC purchased a new stake in TCW Strategic Income Fund in the fourth quarter valued at approximately $221,000. Finally, PNC Financial Services Group Inc. lifted its position in TCW Strategic Income Fund by 102.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 51,357 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 26,012 shares during the last quarter. Institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Price Performance

TSI stock opened at $4.85 on Friday. The firm has a 50 day simple moving average of $4.88 and a two-hundred day simple moving average of $4.94. TCW Strategic Income Fund, Inc. has a one year low of $4.52 and a one year high of $5.21.

TCW Strategic Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from TCW Strategic Income Fund’s previous quarterly dividend of $0.06.

TCW Strategic Income Fund Company 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.