Intellus Advisors LLC Takes Position in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Intellus Advisors LLC purchased a new stake in TCW Strategic Income Fund, Inc. (NYSE:TSI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 45,859 shares of the financial services provider’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kovitz Investment Group Partners LLC bought a new position in shares of TCW Strategic Income Fund in the 3rd quarter valued at $10,356,000. Transform Wealth LLC bought a new stake in TCW Strategic Income Fund during the 4th quarter worth $273,000. Lindbrook Capital LLC bought a new stake in TCW Strategic Income Fund during the 4th quarter worth $50,000. Noble Wealth Management PBC bought a new stake in TCW Strategic Income Fund during the 4th quarter worth $825,000. Finally, JP Wealth Management Inc. bought a new stake in TCW Strategic Income Fund during the 4th quarter worth $13,638,000. Institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Performance

Shares of TSI stock opened at $4.93 on Friday. TCW Strategic Income Fund, Inc. has a twelve month low of $4.52 and a twelve month high of $5.21. The stock’s fifty day simple moving average is $4.86 and its 200 day simple moving average is $4.97.

TCW Strategic Income Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.26 dividend on an annualized basis and a yield of 5.27%. This is a positive change from TCW Strategic Income Fund’s previous quarterly dividend of $0.06.

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.