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

Sit Investment Associates Inc. grew its stake in 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. The institutional investor owned 6,916,611 shares of the financial services provider’s stock after acquiring an additional 53,056 shares during the quarter. TCW Strategic Income Fund accounts for 0.8% of Sit Investment Associates Inc.’s portfolio, making the stock its 24th biggest holding. Sit Investment Associates Inc.’s holdings in TCW Strategic Income Fund were worth $33,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. JP Wealth Management Inc. bought a new stake in shares of TCW Strategic Income Fund during the fourth quarter valued at approximately $13,638,000. Kovitz Investment Group Partners LLC bought a new stake in shares of TCW Strategic Income Fund in the 3rd quarter worth $10,356,000. Raymond James Financial Inc. bought a new stake in shares of TCW Strategic Income Fund in the 4th quarter worth $4,502,000. Noble Wealth Management PBC bought a new position in shares of TCW Strategic Income Fund during the fourth quarter valued at $825,000. Finally, Transform Wealth LLC purchased a new stake in shares of TCW Strategic Income Fund during the fourth quarter valued at $273,000. 35.22% of the stock is owned by hedge funds and other institutional investors.

TCW Strategic Income Fund Price Performance

Shares of NYSE:TSI opened at $4.73 on Friday. The business has a 50-day simple moving average of $4.88 and a two-hundred day simple moving average of $4.95. TCW Strategic Income Fund, Inc. has a fifty-two week low of $4.52 and a fifty-two week high of $5.21.

TCW Strategic Income Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders 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 dividend yield of 5.50%. This is a boost from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, March 31st.

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.