Ieq Capital LLC Buys Shares of 76,049 TCW Strategic Income Fund, Inc. $TSI

Ieq Capital LLC acquired a new position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) during the 1st quarter, Holdings Channel reports. The fund acquired 76,049 shares of the financial services provider’s stock, valued at approximately $370,000.

Several other large investors have also modified their holdings of the stock. Sit Investment Associates Inc. increased its position in shares of TCW Strategic Income Fund by 8.2% during the first quarter. Sit Investment Associates Inc. now owns 7,486,736 shares of the financial services provider’s stock worth $36,386,000 after acquiring an additional 570,125 shares during the last quarter. JP Wealth Management Inc. boosted its stake in TCW Strategic Income Fund by 7.3% during the 1st quarter. JP Wealth Management Inc. now owns 3,042,735 shares of the financial services provider’s stock valued at $14,788,000 after purchasing an additional 207,300 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of TCW Strategic Income Fund by 14.4% during the 4th quarter. Ameriprise Financial Inc. now owns 997,360 shares of the financial services provider’s stock valued at $4,797,000 after acquiring an additional 125,801 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of TCW Strategic Income Fund by 5.4% during the 1st quarter. Raymond James Financial Inc. now owns 986,159 shares of the financial services provider’s stock valued at $4,793,000 after acquiring an additional 50,274 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC lifted its position in shares of TCW Strategic Income Fund by 30.4% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 684,704 shares of the financial services provider’s stock valued at $3,328,000 after acquiring an additional 159,643 shares during the last quarter. 35.22% of the stock is currently owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Stock Performance

TSI opened at $4.98 on Friday. TCW Strategic Income Fund, Inc. has a 12-month low of $4.61 and a 12-month high of $5.21. The stock has a fifty day moving average of $4.92 and a 200-day moving average of $4.90.

TCW Strategic Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 30th were paid a $0.065 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.2%.

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.