Relative Value Partners Group LLC lowered its stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,442,166 shares of the financial services provider’s stock after selling 333,828 shares during the quarter. TCW Strategic Income Fund makes up approximately 3.7% of Relative Value Partners Group LLC’s portfolio, making the stock its 6th largest holding. Relative Value Partners Group LLC owned about 11.41% of TCW Strategic Income Fund worth $31,565,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TSI. Sit Investment Associates Inc. grew its position in TCW Strategic Income Fund by 135.6% during the third quarter. Sit Investment Associates Inc. now owns 1,160,492 shares of the financial services provider’s stock valued at $6,731,000 after buying an additional 667,873 shares during the period. Institute for Wealth Management LLC. bought a new position in TCW Strategic Income Fund during the second quarter worth about $1,386,000. Wells Fargo & Company MN boosted its position in TCW Strategic Income Fund by 18.5% during the second quarter. Wells Fargo & Company MN now owns 608,359 shares of the financial services provider’s stock worth $3,431,000 after purchasing an additional 95,179 shares during the period. Ameriprise Financial Inc. boosted its position in TCW Strategic Income Fund by 37.0% during the second quarter. Ameriprise Financial Inc. now owns 120,985 shares of the financial services provider’s stock worth $682,000 after purchasing an additional 32,668 shares during the period. Finally, Bronfman E.L. Rothschild L.P. boosted its position in TCW Strategic Income Fund by 443.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 20,402 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 16,646 shares during the period. Institutional investors own 29.97% of the company’s stock.

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Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) traded down $0.04 during trading hours on Friday, reaching $5.59. 58,700 shares of the company’s stock were exchanged, compared to its average volume of 82,512. TCW Strategic Income Fund, Inc. has a 12-month low of $5.21 and a 12-month high of $6.16.

About TCW Strategic Income Fund

TCW Strategic Income Fund, Inc is a diversified, closed-end investment management company. The Fund’s investment objective is to seek a total return consisted of current income and capital appreciation by investing in a range of securities, including convertible securities, marketable equity securities, investment-grade debt securities, high-yield debt securities, securities issued or guaranteed by the United States Government, its agencies and instrumentalities (the United States Government Securities), repurchase agreements, mortgage related securities, asset-backed securities, money market securities, other securities and derivative instruments without limit believed by its investment advisor to be consistent with the Fund’s investment objective.

Institutional Ownership by Quarter for TCW Strategic Income Fund (NYSE:TSI)

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