Raymond James & Associates Sells 99,569 Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI)

Raymond James & Associates reduced its stake in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 10.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 885,482 shares of the financial services provider’s stock after selling 99,569 shares during the period. Raymond James & Associates owned approximately 1.85% of TCW Strategic Income Fund worth $4,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TSI. Whitener Capital Management Inc. lifted its position in shares of TCW Strategic Income Fund by 47.3% during the 2nd quarter. Whitener Capital Management Inc. now owns 58,451 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 18,780 shares during the period. Comerica Bank acquired a new position in TCW Strategic Income Fund in the first quarter valued at about $29,000. Sheaff Brock Investment Advisors LLC lifted its position in TCW Strategic Income Fund by 15.0% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 23,000 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 3,000 shares during the period. First Foundation Advisors grew its stake in TCW Strategic Income Fund by 5.3% during the first quarter. First Foundation Advisors now owns 147,625 shares of the financial services provider’s stock worth $710,000 after buying an additional 7,462 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC grew its stake in TCW Strategic Income Fund by 5.6% during the first quarter. SeaBridge Investment Advisors LLC now owns 464,352 shares of the financial services provider’s stock worth $2,234,000 after buying an additional 24,447 shares in the last quarter. Institutional investors and hedge funds own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Performance

Shares of NYSE:TSI opened at $5.12 on Friday. The firm has a 50 day moving average of $4.90 and a 200-day moving average of $4.74. TCW Strategic Income Fund, Inc. has a 12 month low of $4.48 and a 12 month high of $5.18.

TCW Strategic Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.24 annualized dividend and a yield of 4.69%.

TCW Strategic Income Fund Company 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.