Whipplewood Advisors LLC Takes Position in TCW Strategic Income Fund, Inc. $TSI

Whipplewood Advisors LLC acquired a new stake in TCW Strategic Income Fund, Inc. (NYSE:TSI) in the second quarter, HoldingsChannel reports. The fund acquired 158,266 shares of the financial services provider’s stock, valued at approximately $772,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TSI. Avidian Wealth Enterprises LLC bought a new position in shares of TCW Strategic Income Fund in the 1st quarter valued at about $49,000. Focus Partners Wealth bought a new position in shares of TCW Strategic Income Fund in the 1st quarter valued at about $50,000. Ieq Capital LLC bought a new position in shares of TCW Strategic Income Fund in the 1st quarter valued at about $370,000. Riverbridge Partners LLC grew its position in shares of TCW Strategic Income Fund by 4.0% in the 2nd quarter. Riverbridge Partners LLC now owns 170,101 shares of the financial services provider’s stock valued at $830,000 after acquiring an additional 6,527 shares during the period. Finally, Invesco Ltd. grew its position in shares of TCW Strategic Income Fund by 0.8% in the 1st quarter. Invesco Ltd. now owns 401,659 shares of the financial services provider’s stock valued at $1,952,000 after acquiring an additional 3,225 shares during the period. Institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Price Performance

Shares of TSI opened at $4.92 on Friday. The firm has a 50-day moving average of $4.96 and a 200-day moving average of $4.92. TCW Strategic Income Fund, Inc. has a one year low of $4.61 and a one year high of $5.12.

TCW Strategic Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Tuesday, September 30th were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.26 annualized dividend and a dividend yield of 5.3%.

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.