NBC Securities Inc. Acquires 8,581 Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI)

NBC Securities Inc. grew its holdings in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 107,262.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 8,589 shares of the financial services provider’s stock after purchasing an additional 8,581 shares during the period. NBC Securities Inc.’s holdings in TCW Strategic Income Fund were worth $41,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TSI. Noble Wealth Management PBC bought a new stake in shares of TCW Strategic Income Fund in the 4th quarter valued at about $825,000. Raymond James Financial Inc. acquired a new position in shares of TCW Strategic Income Fund during the 4th quarter worth approximately $4,502,000. Lindbrook Capital LLC acquired a new position in shares of TCW Strategic Income Fund during the 4th quarter worth approximately $50,000. PNC Financial Services Group Inc. grew its position in shares of TCW Strategic Income Fund by 102.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 51,357 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 26,012 shares in the last quarter. Finally, Intellus Advisors LLC acquired a new stake in shares of TCW Strategic Income Fund during the 4th quarter worth approximately $221,000. 35.22% of the stock is owned by institutional investors.

TCW Strategic Income Fund Stock Performance

NYSE TSI opened at $4.92 on Friday. The firm’s 50 day simple moving average is $4.89 and its 200 day simple moving average is $4.89. TCW Strategic Income Fund, Inc. has a 1 year low of $4.61 and a 1 year high of $5.21.

TCW Strategic Income Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were paid a $0.065 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 Monday, March 31st. This represents a $0.26 annualized dividend and a yield of 5.28%.

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.