TCW Strategic Income Fund (NYSE:TSI) Director Robert Gerald Rooney Sells 29,333 Shares of Company Stock

by · The Markets Daily

TCW Strategic Income Fund, Inc. (NYSE:TSI – Get Free Report) Director Robert Gerald Rooney sold 29,333 shares of the company’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $4.26, for a total transaction of $124,958.58. Following the sale, the director owned 23,474 shares of the company’s stock, valued at $99,999.24. The trade was a 55.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

TCW Strategic Income Fund Stock Up 0.7%

Shares of TCW Strategic Income Fund stock traded up $0.03 during trading on Monday, reaching $4.34. 89,375 shares of the company were exchanged, compared to its average volume of 162,845. The business has a 50-day moving average price of $4.28 and a 200-day moving average price of $4.50. TCW Strategic Income Fund, Inc. has a twelve month low of $4.11 and a twelve month high of $4.98.

TCW Strategic Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 16th were given a dividend of $0.0283 per share. This represents a $0.34 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Friday, October 16th.

Hedge Funds Weigh In On TCW Strategic Income Fund

Several institutional investors have recently modified their holdings of the business. Fifth Third Bancorp acquired a new stake in shares of TCW Strategic Income Fund in the 1st quarter valued at about $36,000. Flatrock Wealth Partners LLC acquired a new position in TCW Strategic Income Fund during the first quarter worth approximately $48,000. Bank of America Corp DE bought a new position in shares of TCW Strategic Income Fund in the second quarter valued at about $68,000. Sanctuary Advisors LLC acquired a new position in TCW Strategic Income Fund in the 2nd quarter valued at about $73,000. Finally, LexAurum Advisors LLC bought a new position in shares of TCW Strategic Income Fund during the third quarter worth approximately $79,000. Institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Company Profile

(Get Free Report)

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.

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