SeaCrest Wealth Management LLC Invests $28,000 in TCW Strategic Income Fund, Inc. (NYSE:TSI)

SeaCrest Wealth Management LLC acquired a new position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSIGet Rating) in the 2nd quarter, Holdings Channel reports. The fund acquired 5,758 shares of the financial services provider’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TSI. Integrated Wealth Concepts LLC purchased a new position in shares of TCW Strategic Income Fund during the second quarter worth about $77,000. Atria Wealth Solutions Inc. bought a new stake in TCW Strategic Income Fund in the 1st quarter worth approximately $77,000. Litman Gregory Wealth Management LLC bought a new stake in TCW Strategic Income Fund in the 2nd quarter worth approximately $78,000. Landscape Capital Management L.L.C. bought a new stake in TCW Strategic Income Fund in the 1st quarter worth approximately $107,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in TCW Strategic Income Fund in the 2nd quarter worth approximately $147,000. Hedge funds and other institutional investors own 29.04% of the company’s stock.

TCW Strategic Income Fund Stock Performance

NYSE:TSI opened at $4.82 on Thursday. The business has a 50 day moving average of $4.70 and a 200 day moving average of $4.86. TCW Strategic Income Fund, Inc. has a 1-year low of $4.51 and a 1-year high of $5.89.

TCW Strategic Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a $0.06 dividend. This is an increase from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.24 dividend on an annualized basis and a yield of 4.98%.

About TCW Strategic Income Fund

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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.

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

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