November 18, 2016 - By Darrin Black · 0 Comments
Western Asset Variable Rate Strategic Fund Inc (NYSE:GFY) institutional sentiment increased to 0.83 in Q2 2016. Its up 0.05, from 0.78 in 2016Q1. The ratio is positive, as 7 active investment managers opened new and increased equity positions, while 9 sold and trimmed positions in Western Asset Variable Rate Strategic Fund Inc. The active investment managers in our partner’s database now hold: 1.27 million shares, up from 1.17 million shares in 2016Q1. Also, the number of active investment managers holding Western Asset Variable Rate Strategic Fund Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 5 Increased: 6 New Position: 1.
Western Asset Variable Rate Strategic Fund Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $72.36 million. The Fund’s investment objective is to maintain a high level of current income. It currently has negative earnings. 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.
The stock closed at $15.58 during the last session. It is down 0.45% since April 18, 2016 and is uptrending. It has underperformed by 3.98% the S&P500.
Sit Investment Associates Inc holds 0.4% of its portfolio in Western Asset Vrble Rate Strtgc Fnd Inc. for 977,654 shares. Shaker Financial Services Llc owns 30,103 shares or 0.32% of their US portfolio. Moreover, Smith Moore & Co. has 0.08% invested in the company for 12,550 shares. The New Jersey-based Landscape Capital Management L.L.C. has invested 0.06% in the stock. Provise Management Group Llc, a Florida-based fund reported 13,492 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 sale for $31,000 net activity.
Western Asset Variable Rate Strategic Fund Inc. (the Fund), formerly known as Salomon Brothers Variable Rate Strategic Fund Inc., incorporated on August 3, 2004, is a non-diversified, closed-end management investment company. The Fundâ€™s primary investment objective is to maintain a high level of current income. It may invest in high-yield and foreign securities, including emerging market securities. The Fundâ€™s portfolio includes corporate bonds and notes, mortgage-backed securities, collateralized mortgage obligations, loan participation, sovereign bonds, asset-backed securities, the United States agency obligations, preferred stocks and repurchase agreements.
More notable recent Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) news were published by: Businesswire.com which released: “Western Asset Variable Rate Strategic Fund Inc. Announces Tender Offer for …” on October 22, 2015, also Businesswire.com with their article: “Western Asset Variable Rate Strategic Fund Inc. Announces Preliminary Results …” published on November 23, 2015, Businesswire.com published: “Western Asset Variable Rate Strategic Fund Inc. Portfolio Composition as of …” on August 02, 2016. More interesting news about Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) were released by: Marketwatch.com and their article: “Virtual Stock Exchange” published on June 18, 2014 as well as Businesswire.com‘s news article titled: “Certain Closed-End Funds Advised by Legg Mason Partners Fund Advisor Adopt …” with publication date: November 16, 2015.
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By Darrin Black