ProVise Management Group LLC Sells 2,700 Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI)

ProVise Management Group LLC cut its holdings in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 21.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,001 shares of the financial services provider’s stock after selling 2,700 shares during the period. ProVise Management Group LLC’s holdings in TCW Strategic Income Fund were worth $48,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Lindbrook Capital LLC bought a new stake in TCW Strategic Income Fund in the fourth quarter worth $50,000. PNC Financial Services Group Inc. lifted its stake in TCW Strategic Income Fund by 102.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 51,357 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 26,012 shares during the last quarter. Transform Wealth LLC bought a new stake in TCW Strategic Income Fund in the fourth quarter worth $273,000. Noble Wealth Management PBC bought a new stake in TCW Strategic Income Fund in the fourth quarter worth $825,000. Finally, Raymond James Financial Inc. purchased a new position in shares of TCW Strategic Income Fund in the fourth quarter valued at about $4,502,000. 35.22% of the stock is owned by institutional investors.

TCW Strategic Income Fund Stock Performance

TSI stock opened at $4.91 on Thursday. The firm’s 50-day moving average price is $4.86 and its two-hundred day moving average price is $4.97. TCW Strategic Income Fund, Inc. has a 12-month low of $4.52 and a 12-month high of $5.21.

TCW Strategic Income Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be given a $0.065 dividend. This is a boost from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.30%.

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.