Raymond James Financial Inc. Takes $4.50 Million Position in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Raymond James Financial Inc. acquired a new position in TCW Strategic Income Fund, Inc. (NYSE:TSI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 935,886 shares of the financial services provider’s stock, valued at approximately $4,502,000.

Other large investors have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC acquired a new position in shares of TCW Strategic Income Fund during the third quarter valued at $10,356,000. Transform Wealth LLC bought a new position in TCW Strategic Income Fund in the 4th quarter valued at about $273,000. Noble Wealth Management PBC bought a new stake in shares of TCW Strategic Income Fund during the 4th quarter worth about $825,000. Finally, JP Wealth Management Inc. acquired a new stake in shares of TCW Strategic Income Fund in the 4th quarter worth approximately $13,638,000. 35.22% of the stock is currently owned by institutional investors and hedge funds.

TCW Strategic Income Fund Trading Up 0.4 %

NYSE TSI opened at $4.93 on Wednesday. TCW Strategic Income Fund, Inc. has a 12 month low of $4.52 and a 12 month high of $5.21. The company’s 50 day simple moving average is $4.86 and its 200 day simple moving average is $4.96.

TCW Strategic Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 5.27%.

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.