Key Points
- Director Robert Rooney sold 29,333 TSI shares at an average price of $4.26, generating approximately $124,959 and reducing his ownership by 55.55% to 23,474 shares.
- TCW Strategic Income Fund shares opened at $4.33, with a 12-month trading range of $4.11 to $4.98. The fund recently paid a monthly dividend of $0.0283, equivalent to an annualized yield of about 7.8%.
- Institutional investors own 35.22% of the fund, with several firms establishing new positions during the first three quarters of the year.
TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) Director Robert Rooney sold 29,333 shares of TCW Strategic Income Fund stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $4.26, for a total value of $124,958.58. Following the completion of the sale, the director owned 23,474 shares of the company's stock, valued at approximately $99,999.24. The trade was a 55.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
TCW Strategic Income Fund Price Performance
Shares of NYSE TSI opened at $4.33 on Tuesday. The company's fifty day simple moving average is $4.28 and its 200 day simple moving average is $4.50. TCW Strategic Income Fund, Inc. has a 12-month low of $4.11 and a 12-month high of $4.98.
TCW Strategic Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were paid a $0.0283 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Friday, October 16th.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Fifth Third Bancorp purchased a new position in shares of TCW Strategic Income Fund in the 1st quarter worth about $36,000. Flatrock Wealth Partners LLC purchased a new position in shares of TCW Strategic Income Fund in the first quarter valued at $48,000. Bank of America Corp DE bought a new stake in shares of TCW Strategic Income Fund during the second quarter valued at about $68,000. Sanctuary Advisors LLC purchased a new stake in TCW Strategic Income Fund in the 2nd quarter worth approximately $73,000. Finally, LexAurum Advisors LLC purchased a new position in TCW Strategic Income Fund during the third quarter worth about $79,000. 35.22% of the stock is owned by institutional investors.
About TCW Strategic Income Fund
(
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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