Kovitz Investment Group Partners LLC Acquires Shares of 2,033,723 TCW Strategic Income Fund, Inc. (NYSE:TSI)

Kovitz Investment Group Partners LLC acquired a new position in TCW Strategic Income Fund, Inc. (NYSE:TSI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,033,723 shares of the financial services provider’s stock, valued at approximately $10,356,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Comerica Bank bought a new position in TCW Strategic Income Fund in the first quarter worth about $29,000. Merriman Wealth Management LLC purchased a new position in shares of TCW Strategic Income Fund during the 2nd quarter worth approximately $48,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of TCW Strategic Income Fund by 19.9% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,119 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 2,010 shares during the period. Sanctuary Advisors LLC bought a new position in shares of TCW Strategic Income Fund in the 2nd quarter worth approximately $68,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of TCW Strategic Income Fund in the 2nd quarter valued at approximately $108,000. 35.22% of the stock is owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Stock Up 0.4 %

Shares of TSI stock opened at $5.04 on Friday. The business’s fifty day moving average is $5.03 and its 200 day moving average is $4.94. TCW Strategic Income Fund, Inc. has a twelve month low of $4.52 and a twelve month high of $5.21.

TCW Strategic Income Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 4.76%.

Insider Activity at TCW Strategic Income Fund

In related news, Director Andrew Tarica sold 12,300 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $5.04, for a total value of $61,992.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 24,599 shares of company stock valued at $124,501 in the last three months. Company insiders own 0.16% of the company’s stock.

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.