TCW Strategic Income Fund, Inc. $TSI is JP Wealth Management Inc.’s 4th Largest Position

JP Wealth Management Inc. grew its stake in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 7.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,237,474 shares of the financial services provider’s stock after purchasing an additional 231,451 shares during the period. TCW Strategic Income Fund accounts for 11.3% of JP Wealth Management Inc.’s portfolio, making the stock its 4th biggest position. JP Wealth Management Inc. owned approximately 0.07% of TCW Strategic Income Fund worth $15,993,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TSI. Seven Mile Advisory acquired a new stake in TCW Strategic Income Fund during the 3rd quarter worth $530,000. Jane Street Group LLC acquired a new position in TCW Strategic Income Fund in the second quarter valued at $343,000. Riverbridge Partners LLC boosted its stake in TCW Strategic Income Fund by 19.9% in the fourth quarter. Riverbridge Partners LLC now owns 208,992 shares of the financial services provider’s stock valued at $1,032,000 after acquiring an additional 34,639 shares in the last quarter. Hara Capital LLC purchased a new position in shares of TCW Strategic Income Fund during the second quarter worth about $167,000. Finally, Intellus Advisors LLC grew its holdings in shares of TCW Strategic Income Fund by 38.3% during the third quarter. Intellus Advisors LLC now owns 68,796 shares of the financial services provider’s stock worth $338,000 after purchasing an additional 19,042 shares during the last quarter. 35.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Peter Mcmillan acquired 179,522 shares of TCW Strategic Income Fund stock in a transaction on Thursday, February 12th. The stock was bought at an average price of $4.73 per share, for a total transaction of $849,139.06. Following the completion of the purchase, the director owned 200,000 shares in the company, valued at $946,000. This represents a 876.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 257,390 shares of company stock worth $1,212,712 over the last quarter. Insiders own 0.23% of the company’s stock.

TCW Strategic Income Fund Trading Down 1.3%

TSI opened at $4.47 on Tuesday. TCW Strategic Income Fund, Inc. has a one year low of $4.43 and a one year high of $5.06. The business’s 50-day simple moving average is $4.71 and its 200-day simple moving average is $4.85.

TCW Strategic Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be paid a dividend of $0.0283 per share. The ex-dividend date is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 7.6%. This is a boost from TCW Strategic Income Fund’s previous monthly dividend of $0.02.

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.