Rareview Capital LLC Has $1.50 Million Stock Position in TCW Strategic Income Fund, Inc. $TSI

Rareview Capital LLC lifted its position in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 1,911.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 307,541 shares of the financial services provider’s stock after buying an additional 292,255 shares during the quarter. Rareview Capital LLC’s holdings in TCW Strategic Income Fund were worth $1,501,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TSI. Focus Partners Wealth acquired a new position in TCW Strategic Income Fund in the 1st quarter worth approximately $50,000. Jane Street Group LLC acquired a new stake in TCW Strategic Income Fund during the 2nd quarter valued at $343,000. Bank of America Corp DE raised its stake in TCW Strategic Income Fund by 13.6% during the 2nd quarter. Bank of America Corp DE now owns 41,740 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 5,001 shares during the period. Corient Private Wealth LLC acquired a new stake in TCW Strategic Income Fund during the 2nd quarter valued at $82,000. Finally, Private Advisor Group LLC purchased a new stake in shares of TCW Strategic Income Fund in the third quarter valued at $68,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Performance

Shares of TSI stock opened at $4.37 on Friday. TCW Strategic Income Fund, Inc. has a 1-year low of $4.33 and a 1-year high of $5.06. The stock’s fifty day simple moving average is $4.42 and its 200-day simple moving average is $4.51.

TCW Strategic Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a $0.0283 dividend. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Monday, August 17th.

TCW Strategic Income Fund Profile

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.