22,736 Shares in TCW Strategic Income Fund, Inc. (NYSE:TSI) Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV bought a new position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,736 shares of the financial services provider’s stock, valued at approximately $108,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TSI. Sheaff Brock Investment Advisors LLC lifted its stake in TCW Strategic Income Fund by 15.0% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 23,000 shares of the financial services provider’s stock valued at $111,000 after buying an additional 3,000 shares in the last quarter. Riverbridge Partners LLC lifted its position in TCW Strategic Income Fund by 2.5% in the first quarter. Riverbridge Partners LLC now owns 141,752 shares of the financial services provider’s stock worth $682,000 after purchasing an additional 3,489 shares during the period. Comerica Bank acquired a new stake in TCW Strategic Income Fund during the first quarter worth $29,000. First Foundation Advisors increased its holdings in TCW Strategic Income Fund by 5.3% in the 1st quarter. First Foundation Advisors now owns 147,625 shares of the financial services provider’s stock valued at $710,000 after buying an additional 7,462 shares during the period. Finally, Whitener Capital Management Inc. raised its stake in shares of TCW Strategic Income Fund by 47.3% in the 2nd quarter. Whitener Capital Management Inc. now owns 58,451 shares of the financial services provider’s stock valued at $277,000 after buying an additional 18,780 shares in the last quarter. 35.22% of the stock is owned by institutional investors and hedge funds.

TCW Strategic Income Fund Trading Down 0.4 %

Shares of TCW Strategic Income Fund stock opened at $5.11 on Wednesday. TCW Strategic Income Fund, Inc. has a twelve month low of $4.48 and a twelve month high of $5.21. The firm’s 50-day simple moving average is $5.05 and its 200-day simple moving average is $4.81.

TCW Strategic Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Monday, September 30th.

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.