Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) Shares Sold by Relative Value Partners Group LLC

Relative Value Partners Group LLC lowered its holdings in Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) by 1.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 960,725 shares of the financial services provider’s stock after selling 9,742 shares during the quarter. Western Asset Vrble Rate Strtgc Fnd makes up about 1.6% of Relative Value Partners Group LLC’s investment portfolio, making the stock its 23rd largest holding. Relative Value Partners Group LLC’s holdings in Western Asset Vrble Rate Strtgc Fnd were worth $15,368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GFY. Sit Investment Associates Inc. lifted its position in shares of Western Asset Vrble Rate Strtgc Fnd by 0.6% in the first quarter. Sit Investment Associates Inc. now owns 1,329,907 shares of the financial services provider’s stock valued at $21,172,000 after acquiring an additional 8,329 shares in the last quarter. Shaker Financial Services LLC purchased a new stake in Western Asset Vrble Rate Strtgc Fnd during the first quarter worth $339,000. Finally, 9258 Wealth Management LLC purchased a new stake in shares of Western Asset Vrble Rate Strtgc Fnd during the 1st quarter valued at $175,000.

GFY traded down $0.03 during midday trading on Friday, hitting $16.18. 555 shares of the company were exchanged, compared to its average volume of 10,827. Western Asset Vrble Rate Strtgc Fnd Inc. has a 1-year low of $14.86 and a 1-year high of $17.01.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, July 19th will be given a dividend of $0.0775 per share. This represents a $0.93 annualized dividend and a yield of 5.75%. The ex-dividend date is Thursday, July 18th.

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Western Asset Vrble Rate Strtgc Fnd Company Profile

Western Asset Variable Rate Strategic Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. The fund invests in the fixed income markets across the globe.

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Institutional Ownership by Quarter for Western Asset Vrble Rate Strtgc Fnd (NYSE:GFY)

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