TCW Strategic Income Fund, Inc. (NYSE:TSI) Shares Acquired by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC boosted its holdings in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 15.0% in the 1st quarter, Holdings Channel reports. The firm owned 23,000 shares of the financial services provider’s stock after buying an additional 3,000 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in TCW Strategic Income Fund were worth $111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TSI. Riverbridge Partners LLC lifted its position in shares of TCW Strategic Income Fund by 2.5% in the 1st quarter. Riverbridge Partners LLC now owns 141,752 shares of the financial services provider’s stock valued at $682,000 after acquiring an additional 3,489 shares in the last quarter. First Foundation Advisors lifted its position in shares of 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 acquiring an additional 7,462 shares in the last quarter. Forum Financial Management LP purchased a new stake in shares of TCW Strategic Income Fund in the 4th quarter valued at approximately $46,000. MB Generational Wealth LLC purchased a new stake in shares of TCW Strategic Income Fund in the 4th quarter valued at approximately $78,000. Finally, 1607 Capital Partners LLC lifted its position in shares of TCW Strategic Income Fund by 0.9% in the 4th quarter. 1607 Capital Partners LLC now owns 2,140,869 shares of the financial services provider’s stock valued at $9,827,000 after acquiring an additional 18,200 shares in the last quarter. 35.22% of the stock is owned by institutional investors and hedge funds.

TCW Strategic Income Fund Stock Up 1.9 %

Shares of NYSE:TSI traded up $0.09 during mid-day trading on Friday, hitting $4.88. The stock had a trading volume of 30,359 shares, compared to its average volume of 100,361. TCW Strategic Income Fund, Inc. has a 12-month low of $4.48 and a 12-month high of $4.93. The company’s 50 day moving average is $4.73 and its 200-day moving average is $4.69.

TCW Strategic Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.24 annualized dividend and a yield of 4.92%.

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.