TCW Strategic Income Fund, Inc. $TSI Stock: International Assets Investment Management LLC Raises Position

International Assets Investment Management LLC raised its holdings in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 955.6% during the 3rd quarter, Holdings Channel reports. The firm owned 280,000 shares of the financial services provider’s stock after buying an additional 253,474 shares during the quarter. International Assets Investment Management LLC’s holdings in TCW Strategic Income Fund were worth $1,204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC raised its stake in shares of TCW Strategic Income Fund by 2.7% during the 1st quarter. Whipplewood Advisors LLC now owns 165,778 shares of the financial services provider’s stock worth $744,000 after buying an additional 4,344 shares during the period. Fifth Third Bancorp purchased a new position in shares of TCW Strategic Income Fund during the 1st quarter valued at approximately $36,000. Susquehanna International Group LLP lifted its position in shares of TCW Strategic Income Fund by 60.4% during the 2nd quarter. Susquehanna International Group LLP now owns 26,388 shares of the financial services provider’s stock valued at $119,000 after buying an additional 9,936 shares in the last quarter. Flatrock Wealth Partners LLC purchased a new position in shares of TCW Strategic Income Fund during the 1st quarter valued at approximately $48,000. Finally, Bank of America Corp DE acquired a new stake in TCW Strategic Income Fund in the 2nd quarter valued at $68,000. 35.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert Rooney sold 29,333 shares of TCW Strategic Income Fund stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $4.26, for a total value of $124,958.58. Following the sale, the director owned 23,474 shares in the company, valued at $99,999.24. This trade represents a 55.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.05% of the stock is currently owned by company insiders.

TCW Strategic Income Fund Price Performance

Shares of NYSE TSI opened at $4.36 on Thursday. The firm has a fifty day moving average of $4.28 and a 200 day moving average of $4.49. TCW Strategic Income Fund, Inc. has a one year low of $4.11 and a one year high of $4.98.

TCW Strategic Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were issued a dividend of $0.0283 per share. This represents a $0.34 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Friday, October 16th.

TCW Strategic Income Fund Profile

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.