Wells Fargo & Company MN grew its position in shares of Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) by 13.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,125 shares of the financial services provider’s stock after buying an additional 3,000 shares during the period. Wells Fargo & Company MN’s holdings in Western Asset Vrble Rate Strtgc Fnd were worth $428,000 at the end of the most recent reporting period.
Separately, Shaker Financial Services LLC purchased a new stake in Western Asset Vrble Rate Strtgc Fnd during the 2nd quarter worth about $226,000.
Shares of Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) opened at $17.10 on Wednesday. Western Asset Vrble Rate Strtgc Fnd Inc. has a 1-year low of $15.52 and a 1-year high of $17.52.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 22nd will be issued a dividend of $0.0775 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.93 dividend on an annualized basis and a yield of 5.44%.
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About Western Asset Vrble Rate Strtgc Fnd
Western Asset Variable Rate Strategic Fund Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is to maintain a high level of current income. The Fund invests primarily in variable rate instruments of the United States and non-United States issuers, including the United States and non-United States investment grade and high-yield debt, senior loans, emerging market debt and derivatives related to these securities.
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