TCW Strategic Income Fund (NYSE:TSI) Share Price Breaks Above 50-Day Moving Average – Here’s Why

Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $4.28 and traded as high as $4.31. TCW Strategic Income Fund shares last traded at $4.3050, with a volume of 205,055 shares trading hands.

TCW Strategic Income Fund Trading Up 1.5%

The stock has a fifty day moving average of $4.28 and a 200-day moving average of $4.50.

TCW Strategic Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 16th were paid a $0.0283 dividend. The ex-dividend date of this dividend was Friday, October 16th. This represents a $0.34 dividend on an annualized basis and a yield of 7.9%.

Institutional Trading of TCW Strategic Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in TSI. Hara Capital LLC acquired a new stake in shares of TCW Strategic Income Fund during the second quarter worth approximately $3,406,000. Rareview Capital LLC lifted its holdings in shares of TCW Strategic Income Fund by 1,911.9% in the 2nd quarter. Rareview Capital LLC now owns 307,541 shares of the financial services provider’s stock worth $1,501,000 after purchasing an additional 292,255 shares during the last quarter. International Assets Investment Management LLC increased its position in TCW Strategic Income Fund by 955.6% in the third quarter. International Assets Investment Management LLC now owns 280,000 shares of the financial services provider’s stock worth $1,204,000 after buying an additional 253,474 shares during the period. JP Wealth Management Inc. lifted its stake in TCW Strategic Income Fund by 3.5% in the third quarter. JP Wealth Management Inc. now owns 4,652,246 shares of the financial services provider’s stock valued at $20,005,000 after buying an additional 158,759 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of TCW Strategic Income Fund in the 1st quarter worth about $664,000. 35.22% of the stock is currently owned by institutional investors and hedge funds.

About TCW Strategic Income Fund

TCW Strategic Income Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol TSI. The fund seeks to provide investors with a high level of current income and, as a secondary objective, long-term capital appreciation.

The fund invests primarily in a diversified portfolio of fixed-income securities and other income-producing assets. Its investments may include corporate bonds, high-yield securities, emerging-market debt, mortgage- and asset-backed securities, bank loans and other government or private-sector debt instruments.