International Assets Investment Management LLC Sells 9,323 Shares of TCW Strategic Income Fund, Inc. $TSI

International Assets Investment Management LLC lowered its stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 20.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,059 shares of the financial services provider’s stock after selling 9,323 shares during the quarter. International Assets Investment Management LLC owned about 0.08% of TCW Strategic Income Fund worth $181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its position in TCW Strategic Income Fund by 0.8% during the first quarter. Invesco Ltd. now owns 401,659 shares of the financial services provider’s stock valued at $1,952,000 after purchasing an additional 3,225 shares in the last quarter. Riverbridge Partners LLC boosted its position in TCW Strategic Income Fund by 4.0% during the second quarter. Riverbridge Partners LLC now owns 170,101 shares of the financial services provider’s stock valued at $830,000 after purchasing an additional 6,527 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new stake in TCW Strategic Income Fund during the first quarter valued at about $49,000. Focus Partners Wealth bought a new stake in TCW Strategic Income Fund during the first quarter valued at about $50,000. Finally, Raymond James Financial Inc. boosted its position in TCW Strategic Income Fund by 5.4% during the first quarter. Raymond James Financial Inc. now owns 986,159 shares of the financial services provider’s stock valued at $4,793,000 after purchasing an additional 50,274 shares in the last quarter. Institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Stock Down 0.3%

Shares of TSI stock opened at $4.93 on Friday. TCW Strategic Income Fund, Inc. has a 1-year low of $4.61 and a 1-year high of $5.12. The stock’s 50-day moving average is $4.96 and its 200 day moving average is $4.92.

TCW Strategic Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th were issued a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 30th.

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.