Encompass Wealth Advisors LLC Invests $77,000 in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Encompass Wealth Advisors LLC acquired a new position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,540 shares of the financial services provider’s stock, valued at approximately $77,000.

Several other large investors have also added to or reduced their stakes in the company. Morgan Stanley boosted its position in shares of TCW Strategic Income Fund by 20.7% during the 4th quarter. Morgan Stanley now owns 1,268,276 shares of the financial services provider’s stock worth $7,216,000 after acquiring an additional 217,854 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of TCW Strategic Income Fund by 8.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 507,121 shares of the financial services provider’s stock worth $2,886,000 after acquiring an additional 39,614 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of TCW Strategic Income Fund by 10.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 260,309 shares of the financial services provider’s stock worth $1,481,000 after acquiring an additional 23,577 shares in the last quarter. Stifel Financial Corp boosted its position in shares of TCW Strategic Income Fund by 11.6% during the 4th quarter. Stifel Financial Corp now owns 212,972 shares of the financial services provider’s stock worth $1,212,000 after acquiring an additional 22,079 shares in the last quarter. Finally, Citigroup Inc. acquired a new position in shares of TCW Strategic Income Fund during the 4th quarter worth about $468,000. 25.26% of the stock is owned by institutional investors and hedge funds.

In other news, Portfolio Manager Laird Landmann bought 12,666 shares of TCW Strategic Income Fund stock in a transaction dated Wednesday, March 31st. The stock was acquired at an average cost of $5.67 per share, with a total value of $71,816.22. Following the acquisition, the portfolio manager now owns 432,940 shares of the company’s stock, valued at $2,454,769.80. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders bought a total of 138,053 shares of company stock valued at $782,205 over the last three months. Company insiders own 0.17% of the company’s stock.

NYSE:TSI opened at $5.66 on Thursday. The stock has a 50-day simple moving average of $5.66 and a 200-day simple moving average of $5.65. TCW Strategic Income Fund, Inc. has a 1 year low of $5.16 and a 1 year high of $5.97.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 9th. Stockholders of record on Wednesday, March 31st will be issued a $0.0825 dividend. This represents a $0.33 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Tuesday, March 30th.

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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Institutional Ownership by Quarter for TCW Strategic Income Fund (NYSE:TSI)

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