Kovitz Investment Group Partners LLC Decreases Position in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Kovitz Investment Group Partners LLC reduced its stake in TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,637,796 shares of the financial services provider's stock after selling 395,927 shares during the period. Kovitz Investment Group Partners LLC's holdings in TCW Strategic Income Fund were worth $7,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. grew its position in shares of TCW Strategic Income Fund by 0.8% in the 4th quarter. Sit Investment Associates Inc. now owns 6,916,611 shares of the financial services provider's stock valued at $33,269,000 after buying an additional 53,056 shares during the last quarter. JP Wealth Management Inc. acquired a new stake in shares of TCW Strategic Income Fund during the fourth quarter worth about $13,638,000. 1607 Capital Partners LLC lifted its holdings in shares of TCW Strategic Income Fund by 19.7% in the 4th quarter. 1607 Capital Partners LLC now owns 2,202,483 shares of the financial services provider's stock valued at $10,594,000 after purchasing an additional 362,207 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of TCW Strategic Income Fund in the 4th quarter valued at about $4,502,000. Finally, Invesco Ltd. grew its stake in TCW Strategic Income Fund by 1.8% during the 4th quarter. Invesco Ltd. now owns 398,434 shares of the financial services provider's stock worth $1,916,000 after buying an additional 7,120 shares during the last quarter. Institutional investors and hedge funds own 35.22% of the company's stock.

TCW Strategic Income Fund Trading Up 0.3 %

Shares of NYSE TSI opened at $4.86 on Friday. TCW Strategic Income Fund, Inc. has a twelve month low of $4.52 and a twelve month high of $5.21. The stock has a 50 day moving average of $4.87 and a two-hundred day moving average of $4.92.

TCW Strategic Income Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were given a $0.065 dividend. This is an increase from TCW Strategic Income Fund's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.26 annualized dividend and a yield of 5.36%.

TCW Strategic Income Fund Profile

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.

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