Sit Investment Associates Inc. Has $50.43 Million Position in TCW Strategic Income Fund, Inc. $TSI

Sit Investment Associates Inc. boosted its stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,208,852 shares of the financial services provider’s stock after purchasing an additional 766,863 shares during the quarter. TCW Strategic Income Fund comprises 1.0% of Sit Investment Associates Inc.’s holdings, making the stock its 23rd largest position. Sit Investment Associates Inc. owned about 0.21% of TCW Strategic Income Fund worth $50,432,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Intellus Advisors LLC raised its stake in TCW Strategic Income Fund by 10.0% during the fourth quarter. Intellus Advisors LLC now owns 75,670 shares of the financial services provider’s stock worth $374,000 after acquiring an additional 6,874 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in TCW Strategic Income Fund by 16.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 25,372 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 3,546 shares in the last quarter. HighTower Advisors LLC raised its stake in TCW Strategic Income Fund by 4.4% during the fourth quarter. HighTower Advisors LLC now owns 64,953 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 2,757 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in TCW Strategic Income Fund during the fourth quarter worth $51,000. Finally, Diversified Management Inc. acquired a new position in TCW Strategic Income Fund during the fourth quarter worth $5,002,000. 35.22% of the stock is currently owned by institutional investors and hedge funds.

TCW Strategic Income Fund Trading Down 0.2%

TCW Strategic Income Fund stock opened at $4.49 on Friday. The stock has a fifty day moving average price of $4.54 and a two-hundred day moving average price of $4.71. TCW Strategic Income Fund, Inc. has a 52-week low of $4.43 and a 52-week high of $5.06.

TCW Strategic Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0283 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Monday, June 15th.

TCW Strategic Income Fund Company 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.