TCW Strategic Income Fund, Inc. (NYSE:TSI) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lowered its holdings in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 2.6% in the second quarter, HoldingsChannel.com reports. The fund owned 164,585 shares of the financial services provider’s stock after selling 4,324 shares during the quarter. Institute for Wealth Management LLC.’s holdings in TCW Strategic Income Fund were worth $899,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bartlett & Co. LLC acquired a new position in TCW Strategic Income Fund during the first quarter worth about $36,000. Howe & Rusling Inc. acquired a new position in shares of TCW Strategic Income Fund in the second quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. raised its position in shares of TCW Strategic Income Fund by 769.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 13,490 shares of the financial services provider’s stock valued at $70,000 after buying an additional 11,939 shares during the last quarter. ELCO Management Co. LLC acquired a new position in shares of TCW Strategic Income Fund in the first quarter valued at approximately $85,000. Finally, Saba Capital Management L.P. acquired a new position in shares of TCW Strategic Income Fund in the first quarter valued at approximately $94,000. Institutional investors own 21.54% of the company’s stock.

Shares of NYSE:TSI traded up $0.03 during trading on Friday, reaching $5.83. The stock had a trading volume of 79,594 shares, compared to its average volume of 114,898. The business has a fifty day moving average price of $5.64 and a 200-day moving average price of $5.55. TCW Strategic Income Fund, Inc. has a fifty-two week low of $3.89 and a fifty-two week high of $6.01.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were given a $0.0906 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend was Monday, June 29th. This is a positive change from TCW Strategic Income Fund’s previous quarterly dividend of $0.08.

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.

See Also: Net Income

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Institutional Ownership by Quarter for TCW Strategic Income Fund (NYSE:TSI)

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