TCW Strategic Income Fund (NYSE:TSI) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

TCW Strategic Income Fund, Inc. (NYSE:TSI)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.93 and traded as low as $4.86. TCW Strategic Income Fund shares last traded at $4.8650, with a volume of 40,833 shares.

TCW Strategic Income Fund Trading Down 0.5%

The firm has a fifty day moving average of $4.94 and a 200 day moving average of $4.93.

TCW Strategic Income Fund Dividend Announcement

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

Institutional Trading of TCW Strategic Income Fund

Hedge funds have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. grew its position in TCW Strategic Income Fund by 8.2% during the first 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 during the period. 1607 Capital Partners LLC boosted its stake in shares of TCW Strategic Income Fund by 21.2% during the 1st 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 in the last quarter. JP Wealth Management Inc. grew its position in shares of TCW Strategic Income Fund by 5.6% during the 2nd quarter. JP Wealth Management Inc. now owns 3,213,023 shares of the financial services provider’s stock valued at $15,680,000 after acquiring an additional 170,288 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of TCW Strategic Income Fund in the 2nd quarter valued at about $772,000. Finally, SeaBridge Investment Advisors LLC increased its stake in shares of TCW Strategic Income Fund by 17.6% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 805,169 shares of the financial services provider’s stock valued at $3,929,000 after purchasing an additional 120,465 shares in the last quarter. 35.22% of the stock is owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Company 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.