Sit Investment Associates Inc. Purchases 53,056 Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI)

Sit Investment Associates Inc. raised its position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,916,611 shares of the financial services provider’s stock after purchasing an additional 53,056 shares during the quarter. TCW Strategic Income Fund accounts for about 0.8% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 24th largest position. Sit Investment Associates Inc.’s holdings in TCW Strategic Income Fund were worth $33,269,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Lindbrook Capital LLC purchased a new stake in TCW Strategic Income Fund during the 4th quarter valued at approximately $50,000. Intellus Advisors LLC bought a new position in shares of TCW Strategic Income Fund during the fourth quarter worth $221,000. PNC Financial Services Group Inc. grew its stake in TCW Strategic Income Fund by 102.6% during the fourth 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 in the last quarter. Transform Wealth LLC bought a new stake in TCW Strategic Income Fund in the 4th quarter valued at $273,000. Finally, Noble Wealth Management PBC purchased a new stake in TCW Strategic Income Fund in the 4th quarter worth $825,000. 35.22% of the stock is currently owned by institutional investors.

TCW Strategic Income Fund Stock Performance

Shares of TCW Strategic Income Fund stock opened at $4.73 on Friday. TCW Strategic Income Fund, Inc. has a twelve month low of $4.52 and a twelve month high of $5.21. The business has a 50-day moving average price of $4.88 and a 200-day moving average price of $4.95.

TCW Strategic Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 5.50%. The ex-dividend date is Monday, March 31st. This is a boost from TCW Strategic Income Fund’s previous quarterly dividend of $0.06.

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.