Intellus Advisors LLC Takes Position in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Intellus Advisors LLC acquired a new stake in TCW Strategic Income Fund, Inc. (NYSE:TSI) during the fourth quarter, Holdings Channel.com reports. The firm acquired 45,859 shares of the financial services provider’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC acquired a new position in shares of TCW Strategic Income Fund in the 4th quarter valued at about $50,000. PNC Financial Services Group Inc. lifted its stake in shares of TCW Strategic Income Fund by 102.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 51,357 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 26,012 shares during the period. Transform Wealth LLC acquired a new position in shares of TCW Strategic Income Fund in the 4th quarter valued at about $273,000. Noble Wealth Management PBC acquired a new position in shares of TCW Strategic Income Fund in the 4th quarter valued at about $825,000. Finally, Raymond James Financial Inc. acquired a new position in shares of TCW Strategic Income Fund in the 4th quarter valued at about $4,502,000. 35.22% of the stock is owned by institutional investors and hedge funds.

TCW Strategic Income Fund Price Performance

Shares of NYSE:TSI opened at $4.93 on Friday. The business’s 50-day moving average is $4.86 and its 200-day moving average is $4.97. TCW Strategic Income Fund, Inc. has a 1 year low of $4.52 and a 1 year high of $5.21.

TCW Strategic Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be paid a dividend of $0.065 per share. This is an increase from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend is Monday, March 31st.

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.