Tortoise Investment Management LLC Sells 13,125 Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI)

Tortoise Investment Management LLC decreased its position in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 27.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,330 shares of the financial services provider’s stock after selling 13,125 shares during the period. Tortoise Investment Management LLC’s holdings in TCW Strategic Income Fund were worth $170,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC bought a new position in TCW Strategic Income Fund in the 4th quarter worth about $50,000. PNC Financial Services Group Inc. boosted its holdings in shares of TCW Strategic Income Fund by 102.6% during 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 acquiring an additional 26,012 shares during the last quarter. Transform Wealth LLC purchased a new stake in shares of TCW Strategic Income Fund during the 4th quarter valued at about $273,000. Noble Wealth Management PBC purchased a new stake in shares of TCW Strategic Income Fund during the 4th quarter valued at about $825,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of TCW Strategic Income Fund during the 4th quarter valued at about $4,502,000. Institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Up 0.4 %

Shares of NYSE TSI opened at $4.88 on Tuesday. The firm’s 50-day moving average price is $4.85 and its 200-day moving average price is $4.98. TCW Strategic Income Fund, Inc. has a 52-week low of $4.52 and a 52-week high of $5.21.

TCW Strategic Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend was Tuesday, December 31st.

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.