Transform Wealth LLC Invests $273,000 in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Transform Wealth LLC acquired a new stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,448 shares of the financial services provider’s stock, valued at approximately $273,000.

A number of other hedge funds also recently bought and sold shares of TSI. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of TCW Strategic Income Fund by 19.9% in the third 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 buying an additional 2,010 shares during the last quarter. Sanctuary Advisors LLC bought a new position in TCW Strategic Income Fund in the second quarter worth approximately $68,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of TCW Strategic Income Fund during the 2nd quarter worth $108,000. International Assets Investment Management LLC grew its position in shares of TCW Strategic Income Fund by 413.0% during the 3rd quarter. International Assets Investment Management LLC now owns 237,940 shares of the financial services provider’s stock valued at $1,221,000 after acquiring an additional 191,558 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of TCW Strategic Income Fund during the 3rd quarter valued at $10,356,000. Hedge funds and other institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Up 0.4 %

Shares of TCW Strategic Income Fund stock opened at $4.80 on Wednesday. The stock’s fifty day moving average is $4.93 and its 200 day moving average is $4.99. TCW Strategic Income Fund, Inc. has a one year low of $4.52 and a one year high of $5.21.

TCW Strategic Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 5.00%.

Insider Buying and Selling

In other news, Director Andrew Tarica sold 10,799 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $5.08, for a total transaction of $54,858.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 24,599 shares of company stock valued at $124,501. 0.16% of the stock is owned by corporate insiders.

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.