TCW Strategic Income Fund (NYSE:TSI) Stock Crosses Below 200-Day Moving Average of $4.67

TCW Strategic Income Fund, Inc. (NYSE:TSI) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.67 and traded as low as $4.67. TCW Strategic Income Fund shares last traded at $4.81, with a volume of 552,124 shares.

TCW Strategic Income Fund Stock Performance

The company has a 50 day simple moving average of $4.71 and a two-hundred day simple moving average of $4.67.

TCW Strategic Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 28th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 4.99%.

Hedge Funds Weigh In On TCW Strategic Income Fund

A number of hedge funds have recently made changes to their positions in TSI. LPL Financial LLC raised its stake in TCW Strategic Income Fund by 11.5% during the third quarter. LPL Financial LLC now owns 21,341 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 2,207 shares during the period. Wells Fargo & Company MN raised its position in shares of TCW Strategic Income Fund by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 209,089 shares of the financial services provider’s stock valued at $966,000 after buying an additional 2,567 shares during the period. UBS Group AG lifted its holdings in TCW Strategic Income Fund by 1.8% in the third quarter. UBS Group AG now owns 155,858 shares of the financial services provider’s stock valued at $735,000 after acquiring an additional 2,690 shares during the last quarter. RDA Financial Network grew its position in TCW Strategic Income Fund by 9.2% in the fourth quarter. RDA Financial Network now owns 43,372 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 3,640 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in TCW Strategic Income Fund by 82.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,118 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 4,132 shares during the last quarter. Institutional investors and hedge funds own 35.22% of the company’s stock.

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.