TCW Strategic Income Fund (NYSE:TSI) Stock Crosses Above 50-Day Moving Average – Time to Sell?

TCW Strategic Income Fund, Inc. (NYSE:TSI)’s share price passed above its 50-day moving average during trading on Friday. The stock has a 50-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 traded.

TCW Strategic Income Fund Stock Up 1.5%

The firm’s 50 day moving average is $4.28 and its 200-day moving average is $4.50.

TCW Strategic Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were paid a dividend of $0.0283 per share. This represents a $0.34 annualized dividend and a yield of 7.9%. The ex-dividend date was Friday, October 16th.

Institutional Investors Weigh In On TCW Strategic Income Fund

A number of hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC raised its holdings in TCW Strategic Income Fund by 955.6% in the 3rd quarter. International Assets Investment Management LLC now owns 280,000 shares of the financial services provider’s stock valued at $1,204,000 after acquiring an additional 253,474 shares during the last quarter. LexAurum Advisors LLC purchased a new stake in TCW Strategic Income Fund during the 3rd quarter worth approximately $79,000. JP Wealth Management Inc. raised its position in TCW Strategic Income Fund by 3.5% in the 3rd quarter. JP Wealth Management Inc. now owns 4,652,246 shares of the financial services provider’s stock valued at $20,005,000 after purchasing an additional 158,759 shares in the last quarter. Noble Wealth Management PBC raised its holdings in shares of TCW Strategic Income Fund by 13.6% in the 3rd quarter. Noble Wealth Management PBC now owns 314,258 shares of the financial services provider’s stock valued at $1,351,000 after purchasing an additional 37,511 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new stake in shares of TCW Strategic Income Fund during the 2nd quarter worth about $115,000. 35.22% of the stock is currently owned by institutional investors and hedge funds.

TCW Strategic Income Fund Company Profile

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.