Wells Fargo & Company MN Lowers Stake in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Wells Fargo & Company MN decreased its position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 228,077 shares of the financial services provider’s stock after selling 12,310 shares during the quarter. Wells Fargo & Company MN’s holdings in TCW Strategic Income Fund were worth $1,097,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Transform Wealth LLC acquired a new position in TCW Strategic Income Fund in the 4th quarter valued at $273,000. JP Wealth Management Inc. purchased a new stake in shares of TCW Strategic Income Fund in the fourth quarter valued at $13,638,000. Noble Wealth Management PBC acquired a new position in TCW Strategic Income Fund in the fourth quarter valued at $825,000. Raymond James Financial Inc. acquired a new stake in TCW Strategic Income Fund in the 4th quarter worth about $4,502,000. Finally, Lindbrook Capital LLC acquired a new stake in TCW Strategic Income Fund in the 4th quarter worth about $50,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Up 0.4 %

NYSE TSI opened at $4.88 on Wednesday. TCW Strategic Income Fund, Inc. has a 12 month low of $4.53 and a 12 month high of $5.21. The company has a 50-day moving average of $4.87 and a 200-day moving average of $4.92.

TCW Strategic Income Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were given a dividend of $0.065 per share. This is a positive change from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.26 annualized dividend and a yield of 5.33%.

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.