Sit Investment Associates Inc. increased its holdings in shares of Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,154,801 shares of the financial services provider’s stock after acquiring an additional 13,624 shares during the quarter. Sit Investment Associates Inc. owned about 17.31% of Western Asset Vrble Rate Strtgc Fnd worth $20,059,000 as of its most recent SEC filing.
Separately, Wells Fargo & Company MN increased its holdings in shares of Western Asset Vrble Rate Strtgc Fnd by 13.6% during the 2nd quarter. Wells Fargo & Company MN now owns 25,125 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 3,000 shares during the last quarter.
Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE GFY) traded down $0.14 during mid-day trading on Friday, hitting $16.88. The company had a trading volume of 16,695 shares, compared to its average volume of 7,708. Western Asset Vrble Rate Strtgc Fnd Inc. has a 1-year low of $16.24 and a 1-year high of $17.79.
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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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