TCW Strategic Income Fund, Inc. $TSI Shares Sold by JP Wealth Management Inc.

JP Wealth Management Inc. reduced its stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 6.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,006,023 shares of the financial services provider’s stock after selling 207,000 shares during the period. TCW Strategic Income Fund makes up about 9.9% of JP Wealth Management Inc.’s holdings, making the stock its 5th largest holding. JP Wealth Management Inc. owned 0.06% of TCW Strategic Income Fund worth $14,790,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Focus Partners Wealth bought a new position in shares of TCW Strategic Income Fund during the first quarter worth about $50,000. Corient Private Wealth LLC acquired a new position in TCW Strategic Income Fund during the 2nd quarter valued at about $82,000. Allworth Financial LP acquired a new position in TCW Strategic Income Fund during the 2nd quarter valued at about $112,000. Hara Capital LLC bought a new position in TCW Strategic Income Fund in the 2nd quarter worth about $167,000. Finally, Bank of America Corp DE grew its position in TCW Strategic Income Fund by 13.6% in the 2nd quarter. Bank of America Corp DE now owns 41,740 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 5,001 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors.

Insider Transactions at TCW Strategic Income Fund

In other TCW Strategic Income Fund news, Director Robert Gerald Rooney purchased 8,422 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was bought at an average price of $4.93 per share, with a total value of $41,520.46. Following the completion of the purchase, the director owned 8,422 shares in the company, valued at $41,520.46. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders acquired 20,500 shares of company stock worth $101,023. Insiders own 0.23% of the company’s stock.

TCW Strategic Income Fund Stock Up 0.2%

TSI opened at $4.97 on Thursday. The business’s 50 day moving average is $4.92 and its 200-day moving average is $4.93. TCW Strategic Income Fund, Inc. has a twelve month low of $4.61 and a twelve month high of $5.06.

TCW Strategic Income Fund Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a yield of 132.0%.

TCW Strategic Income Fund Profile

TCW Strategic Income Fund (NYSE: TSI) is a diversified, closed-end management investment company that seeks to provide total return through high current income and capital appreciation. The fund primarily invests in a broad array of fixed-income securities, including corporate debt, high-yield bonds, mortgage- and asset-backed securities, and emerging market debt. By combining multiple credit sectors with a flexible duration approach, the fund aims to generate attractive yields while managing interest-rate and credit risks in varying market environments.

Under the management of TCW Asset Management Company LLC, a subsidiary of TCW Group founded in 1971, TSI leverages the firm’s deep credit research capabilities and global trading platforms.