TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Sells $54,858.92 in Stock

TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Andrew Tarica sold 10,799 shares of TCW Strategic Income Fund stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $5.08, for a total value of $54,858.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Andrew Tarica also recently made the following trade(s):

• On Thursday, November 7th, Andrew Tarica sold 1,500 shares of TCW Strategic Income Fund stock. The shares were sold at an average price of $5.10, for a total value of $7,650.00.
• On Tuesday, November 5th, Andrew Tarica sold 12,300 shares of TCW Strategic Income Fund stock. The shares were sold at an average price of $5.04, for a total transaction of $61,992.00.

TCW Strategic Income Fund Price Performance

Shares of TSI opened at $4.94 on Friday. The stock has a 50 day moving average of $5.07 and a 200 day moving average of $4.89. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date was Monday, September 30th.

Institutional Trading of TCW Strategic Income Fund

A number of large investors have recently added to or reduced their stakes in TSI. Comerica Bank purchased a new stake in shares of TCW Strategic Income Fund during the first quarter worth $29,000. Merriman Wealth Management LLC purchased a new stake in TCW Strategic Income Fund in the second quarter valued at approximately $48,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in TCW Strategic Income Fund by 19.9% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,119 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 2,010 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in TCW Strategic Income Fund in the 2nd quarter worth approximately $68,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of TCW Strategic Income Fund in the 2nd quarter worth $108,000. 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 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.