Relative Value Partners Group LLC Sells 1,026,445 Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI)

Relative Value Partners Group LLC reduced its stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 93.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,554 shares of the financial services provider’s stock after selling 1,026,445 shares during the period. Relative Value Partners Group LLC owned 0.15% of TCW Strategic Income Fund worth $330,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TSI. RDA Financial Network raised its position in shares of TCW Strategic Income Fund by 8.7% in the 1st quarter. RDA Financial Network now owns 31,643 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 2,530 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of TCW Strategic Income Fund by 1.2% in the 4th quarter. Wells Fargo & Company MN now owns 209,089 shares of the financial services provider’s stock worth $966,000 after acquiring an additional 2,567 shares in the last quarter. LPL Financial LLC raised its position in shares of TCW Strategic Income Fund by 12.5% in the 4th quarter. LPL Financial LLC now owns 23,835 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 2,645 shares in the last quarter. Riverbridge Partners LLC raised its position in shares of TCW Strategic Income Fund by 2.1% in the 1st quarter. Riverbridge Partners LLC now owns 129,241 shares of the financial services provider’s stock worth $605,000 after acquiring an additional 2,675 shares in the last quarter. Finally, UBS Group AG raised its position in shares of TCW Strategic Income Fund by 1.8% in the 3rd quarter. UBS Group AG now owns 155,858 shares of the financial services provider’s stock worth $735,000 after acquiring an additional 2,690 shares in the last quarter. 30.04% of the stock is owned by institutional investors.

TCW Strategic Income Fund Price Performance

TSI stock opened at $4.67 on Thursday. The stock has a 50-day moving average price of $4.66 and a 200-day moving average price of $4.71. TCW Strategic Income Fund, Inc. has a 1-year low of $4.51 and a 1-year high of $5.08.

TCW Strategic Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend was Thursday, June 29th.

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.