TCW Strategic Income Fund, Inc. $TSI Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 44.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,722 shares of the financial services provider’s stock after selling 18,644 shares during the period. PNC Financial Services Group Inc.’s holdings in TCW Strategic Income Fund were worth $116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of TSI. Invesco Ltd. grew its holdings in TCW Strategic Income Fund by 0.8% in the first quarter. Invesco Ltd. now owns 401,659 shares of the financial services provider’s stock valued at $1,952,000 after purchasing an additional 3,225 shares during the period. Sit Investment Associates Inc. lifted its position in shares of TCW Strategic Income Fund by 8.2% during the 1st quarter. Sit Investment Associates Inc. now owns 7,486,736 shares of the financial services provider’s stock valued at $36,386,000 after buying an additional 570,125 shares in the last quarter. Raymond James Financial Inc. grew its stake in TCW Strategic Income Fund by 5.4% in 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 period. Ieq Capital LLC purchased a new stake in TCW Strategic Income Fund in the 1st quarter worth $370,000. Finally, 1607 Capital Partners LLC raised its position in TCW Strategic Income Fund by 21.2% during the first quarter. 1607 Capital Partners LLC now owns 2,670,304 shares of the financial services provider’s stock worth $12,978,000 after acquiring an additional 467,821 shares during the period. Hedge funds and other institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Price Performance

TSI opened at $4.93 on Friday. The firm’s fifty day simple moving average is $4.93 and its two-hundred day simple moving average is $4.93. TCW Strategic Income Fund, Inc. has a 52-week low of $4.61 and a 52-week high of $5.10.

TCW Strategic Income Fund Dividend Announcement

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