Insider Selling: Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) Director Sells 1,000 Shares of Stock

Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) Director Daniel P. Cronin sold 1,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $16.48, for a total value of $16,480.00.

GFY stock traded down $0.02 during mid-day trading on Thursday, hitting $16.48. The stock had a trading volume of 800 shares, compared to its average volume of 9,492. Western Asset Vrble Rate Strtgc Fnd Inc. has a 1-year low of $14.86 and a 1-year high of $16.63. The company has a fifty day moving average of $16.42 and a 200 day moving average of $16.30.

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a dividend of $0.078 per share. The ex-dividend date is Thursday, December 19th. This is an increase from Western Asset Vrble Rate Strtgc Fnd’s previous monthly dividend of $0.08. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.68%.

Several institutional investors have recently made changes to their positions in GFY. WealthBridge Capital Management LLC increased its holdings in Western Asset Vrble Rate Strtgc Fnd by 4.9% in the second quarter. WealthBridge Capital Management LLC now owns 68,420 shares of the financial services provider’s stock worth $1,061,000 after buying an additional 3,220 shares during the last quarter. Shaker Financial Services LLC raised its position in Western Asset Vrble Rate Strtgc Fnd by 6.5% during the third quarter. Shaker Financial Services LLC now owns 26,081 shares of the financial services provider’s stock valued at $424,000 after acquiring an additional 1,581 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Western Asset Vrble Rate Strtgc Fnd by 8.3% during the second quarter. Wells Fargo & Company MN now owns 21,443 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 1,646 shares in the last quarter.

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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