Sit Investment Associates Inc. Has $36.39 Million Holdings in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Sit Investment Associates Inc. grew its position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 8.2% during the first quarter, HoldingsChannel.com reports. The firm owned 7,486,736 shares of the financial services provider’s stock after purchasing an additional 570,125 shares during the period. TCW Strategic Income Fund makes up approximately 0.9% of Sit Investment Associates Inc.’s portfolio, making the stock its 23rd biggest holding. Sit Investment Associates Inc. owned 0.16% of TCW Strategic Income Fund worth $36,386,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its stake in shares of TCW Strategic Income Fund by 14.4% during the fourth quarter. Ameriprise Financial Inc. now owns 997,360 shares of the financial services provider’s stock valued at $4,797,000 after purchasing an additional 125,801 shares in the last quarter. SeaBridge Investment Advisors LLC boosted its stake in shares of TCW Strategic Income Fund by 30.4% during the first quarter. SeaBridge Investment Advisors LLC now owns 684,704 shares of the financial services provider’s stock valued at $3,328,000 after purchasing an additional 159,643 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of TCW Strategic Income Fund by 11.7% during the fourth quarter. Bank of America Corp DE now owns 39,930 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 4,167 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of TCW Strategic Income Fund during the fourth quarter valued at about $261,000. Finally, JP Wealth Management Inc. boosted its stake in shares of TCW Strategic Income Fund by 7.3% during the first quarter. JP Wealth Management Inc. now owns 3,042,735 shares of the financial services provider’s stock valued at $14,788,000 after purchasing an additional 207,300 shares in the last quarter. 35.22% of the stock is owned by institutional investors and hedge funds.

TCW Strategic Income Fund Price Performance

Shares of TSI stock opened at $4.95 on Thursday. The business’s 50-day moving average price is $4.92 and its 200-day moving average price is $4.89. TCW Strategic Income Fund, Inc. has a 12 month low of $4.61 and a 12 month high of $5.21.

TCW Strategic Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 30th were paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, June 30th.

About TCW Strategic Income Fund

TCW Strategic Income Fund, Inc is a close-ended balanced mutual fund launched by The TCW Group, Inc The fund is managed by TCW Investment Management Company. It invests in the public equity and fixed income markets of the United States. The fund makes its investments in securities of companies operating across diversified sectors.