Key Points
- Director Robert Gerald Rooney purchased 7,900 shares of TCW Strategic Income Fund (TSI) on Dec. 1 at an average price of $4.93 for $38,947, bringing his total holding to 20,500 shares — a 62.7% increase in his position disclosed in an SEC filing.
- TCW Strategic Income Fund pays a quarterly dividend of $0.065 (annualized $0.26), implying a 5.3% yield, and about 35.22% of the stock is owned by hedge funds and other institutional investors, many of which recently increased their stakes.
TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) Director Robert Gerald Rooney purchased 4,174 shares of TCW Strategic Income Fund stock in a transaction that occurred on Friday, November 28th. The shares were bought at an average price of $4.92 per share, with a total value of $20,536.08. Following the completion of the transaction, the director owned 12,600 shares of the company's stock, valued at $61,992. This represents a 49.54% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Robert Gerald Rooney also recently made the following trade(s):
- On Monday, December 1st, Robert Gerald Rooney bought 7,900 shares of TCW Strategic Income Fund stock. The stock was purchased at an average price of $4.93 per share, with a total value of $38,947.00.
- On Wednesday, November 26th, Robert Gerald Rooney bought 4 shares of TCW Strategic Income Fund stock. The shares were acquired at an average cost of $4.91 per share, with a total value of $19.64.
- On Tuesday, November 25th, Robert Gerald Rooney bought 8,422 shares of TCW Strategic Income Fund stock. The stock was bought at an average price of $4.93 per share, for a total transaction of $41,520.46.
TCW Strategic Income Fund Stock Performance
TCW Strategic Income Fund stock remained flat at $4.92 during midday trading on Thursday. 1,787 shares of the company were exchanged, compared to its average volume of 69,103. The business has a 50-day moving average of $4.93 and a two-hundred day moving average of $4.93. TCW Strategic Income Fund, Inc. has a 1 year low of $4.61 and a 1 year high of $5.10.
TCW Strategic Income Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th were issued a $0.065 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.26 dividend on an annualized basis and a yield of 5.3%.
Hedge Funds Weigh In On TCW Strategic Income Fund
Hedge funds and other institutional investors have recently modified their holdings of the business. Focus Partners Wealth acquired a new position in shares of TCW Strategic Income Fund during the 1st quarter worth approximately $50,000. MB Generational Wealth LLC purchased a new stake in shares of TCW Strategic Income Fund in the 3rd quarter valued at approximately $63,000. Private Advisor Group LLC acquired a new position in TCW Strategic Income Fund during the third quarter worth $68,000. Corient Private Wealth LLC acquired a new position in TCW Strategic Income Fund during the 2nd quarter worth about $82,000. Finally, Allworth Financial LP acquired a new position in shares of TCW Strategic Income Fund in the second quarter valued at approximately $112,000. 35.22% of the stock is owned by hedge funds and other institutional investors.
TCW Strategic Income Fund Company Profile
(
Get Free Report)
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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