TCW Strategic Income Fund, Inc. $TSI Stock Position Cut by JP Wealth Management Inc.

JP Wealth Management Inc. trimmed its holdings in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 6.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,006,023 shares of the financial services provider’s stock after selling 207,000 shares during the period. TCW Strategic Income Fund comprises approximately 9.9% of JP Wealth Management Inc.’s holdings, making the stock its 5th largest holding. JP Wealth Management Inc. owned about 6.29% of TCW Strategic Income Fund worth $14,790,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Riverbridge Partners LLC increased its stake in shares of TCW Strategic Income Fund by 2.5% in the third quarter. Riverbridge Partners LLC now owns 174,353 shares of the financial services provider’s stock worth $858,000 after buying an additional 4,252 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of TCW Strategic Income Fund in the 2nd quarter worth about $82,000. Hara Capital LLC acquired a new stake in shares of TCW Strategic Income Fund in the 2nd quarter valued at about $167,000. Bank of America Corp DE lifted its position in shares of TCW Strategic Income Fund by 13.6% during the second quarter. Bank of America Corp DE now owns 41,740 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 5,001 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in TCW Strategic Income Fund in the second quarter worth about $343,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

Insider Transactions at TCW Strategic Income Fund

In other TCW Strategic Income Fund news, Director Robert Gerald Rooney acquired 8,422 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was purchased at an average price of $4.93 per share, with a total value of $41,520.46. Following the completion of the acquisition, the director directly owned 8,422 shares in the company, valued at $41,520.46. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired 20,500 shares of company stock worth $101,023 in the last quarter. Company insiders own 0.23% of the company’s stock.

TCW Strategic Income Fund Stock Performance

Shares of NYSE TSI opened at $4.97 on Thursday. The stock’s 50 day moving average price is $4.92 and its two-hundred day moving average price is $4.93. TCW Strategic Income Fund, Inc. has a 52-week low of $4.61 and a 52-week high of $5.06.

TCW Strategic Income Fund Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 31st will be given a dividend of $0.065 per share. This represents a dividend yield of 132.0%. The ex-dividend date of this dividend is Wednesday, December 31st.

About TCW Strategic Income Fund

TCW Strategic Income Fund (NYSE: TSI) is a diversified, closed-end management investment company that seeks to provide total return through high current income and capital appreciation. The fund primarily invests in a broad array of fixed-income securities, including corporate debt, high-yield bonds, mortgage- and asset-backed securities, and emerging market debt. By combining multiple credit sectors with a flexible duration approach, the fund aims to generate attractive yields while managing interest-rate and credit risks in varying market environments.

Under the management of TCW Asset Management Company LLC, a subsidiary of TCW Group founded in 1971, TSI leverages the firm’s deep credit research capabilities and global trading platforms.