TCW Strategic Income Fund, Inc. (NYSE:TSI – Get Free Report) Director Robert Rooney sold 29,333 shares of TCW Strategic Income Fund stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $4.26, for a total value of $124,958.58. Following the completion of the sale, the director owned 23,474 shares in the company, valued at approximately $99,999.24. This trade represents a 55.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
TCW Strategic Income Fund Stock Performance
TSI stock opened at $4.36 on Thursday. TCW Strategic Income Fund, Inc. has a 52 week low of $4.11 and a 52 week high of $4.98. The business has a fifty day simple moving average of $4.28 and a 200-day simple moving average of $4.49.
TCW Strategic Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 16th were given a $0.0283 dividend. This represents a $0.34 annualized dividend and a yield of 7.8%. The ex-dividend date was Friday, October 16th.
Hedge Funds Weigh In On TCW Strategic Income Fund
A number of institutional investors have recently bought and sold shares of TSI. JP Wealth Management Inc. raised its stake in shares of TCW Strategic Income Fund by 3.5% in the third quarter. JP Wealth Management Inc. now owns 4,652,246 shares of the financial services provider’s stock valued at $20,005,000 after purchasing an additional 158,759 shares in the last quarter. Hara Capital LLC bought a new stake in TCW Strategic Income Fund in the second quarter valued at about $3,406,000. Noble Wealth Management PBC grew its holdings in shares of TCW Strategic Income Fund by 13.6% in the 3rd quarter. Noble Wealth Management PBC now owns 314,258 shares of the financial services provider’s stock valued at $1,351,000 after buying an additional 37,511 shares during the period. Rareview Capital LLC grew its position in shares of TCW Strategic Income Fund by 1,911.9% in the 2nd quarter. Rareview Capital LLC now owns 307,541 shares of the financial services provider’s stock valued at $1,501,000 after purchasing an additional 292,255 shares during the period. Finally, International Assets Investment Management LLC lifted its position in TCW Strategic Income Fund by 955.6% in the 3rd quarter. International Assets Investment Management LLC now owns 280,000 shares of the financial services provider’s stock valued at $1,204,000 after acquiring an additional 253,474 shares in the last quarter. Hedge funds and other institutional investors own 35.22% of the company’s stock.
About TCW Strategic Income Fund
TCW Strategic Income Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol TSI. The fund seeks to provide investors with a high level of current income and, as a secondary objective, long-term capital appreciation.
The fund invests primarily in a diversified portfolio of fixed-income securities and other income-producing assets. Its investments may include corporate bonds, high-yield securities, emerging-market debt, mortgage- and asset-backed securities, bank loans and other government or private-sector debt instruments.
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