Merriman Wealth Management LLC Invests $48,000 in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Merriman Wealth Management LLC bought a new stake in TCW Strategic Income Fund, Inc. (NYSE:TSI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,075 shares of the financial services provider’s stock, valued at approximately $48,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Comerica Bank bought a new position in shares of TCW Strategic Income Fund in the 1st quarter valued at about $29,000. Hartline Investment Corp bought a new position in TCW Strategic Income Fund during the first quarter worth about $108,000. Mercer Global Advisors Inc. ADV acquired a new position in TCW Strategic Income Fund during the second quarter worth approximately $108,000. Sheaff Brock Investment Advisors LLC raised its stake in TCW Strategic Income Fund by 15.0% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 23,000 shares of the financial services provider’s stock valued at $111,000 after buying an additional 3,000 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of TCW Strategic Income Fund in the fourth quarter valued at approximately $108,000. 35.22% of the stock is currently owned by institutional investors and hedge funds.

TCW Strategic Income Fund Trading Down 1.2 %

Shares of NYSE TSI opened at $5.10 on Friday. TCW Strategic Income Fund, Inc. has a 12 month low of $4.48 and a 12 month high of $5.21. The stock has a 50 day moving average of $5.01 and a 200-day moving average of $4.79.

TCW Strategic Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 4.71%.

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.