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

PNC Financial Services Group Inc. increased its stake in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 102.6% during the 4th quarter, Holdings Channel reports. The firm owned 51,357 shares of the financial services provider’s stock after purchasing an additional 26,012 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TCW Strategic Income Fund were worth $247,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TSI. Lindbrook Capital LLC bought a new position in TCW Strategic Income Fund during the fourth quarter valued at approximately $50,000. Transform Wealth LLC bought a new position in TCW Strategic Income Fund during the fourth quarter valued at approximately $273,000. Noble Wealth Management PBC bought a new position in TCW Strategic Income Fund during the fourth quarter valued at approximately $825,000. Raymond James Financial Inc. bought a new position in TCW Strategic Income Fund during the fourth quarter valued at approximately $4,502,000. Finally, Kovitz Investment Group Partners LLC bought a new position in TCW Strategic Income Fund during the third quarter valued at approximately $10,356,000. 35.22% of the stock is currently owned by institutional investors.

TCW Strategic Income Fund Stock Performance

Shares of NYSE TSI opened at $4.93 on Friday. TCW Strategic Income Fund, Inc. has a one year low of $4.52 and a one year 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 company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be issued a $0.065 dividend. This is a boost from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.26 annualized dividend and a dividend yield of 5.27%.

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.