Institutional Investor Sentiment About Western Asset Variable Rate Strategic Fund Inc (NYSE:GFY) Improved

June 20, 2017 - By Vivian Currie

 Institutional Investor Sentiment About Western Asset Variable Rate Strategic Fund Inc (NYSE:GFY)  Improved

Sentiment for Western Asset Variable Rate Strategic Fund Inc (NYSE:GFY)

Western Asset Variable Rate Strategic Fund Inc (NYSE:GFY) institutional sentiment decreased to 0.5 in Q4 2016. Its down -0.33, from 0.83 in 2016Q3. The ratio is negative, as 4 funds opened new or increased stock positions, while 8 trimmed and sold stakes in Western Asset Variable Rate Strategic Fund Inc. The funds in our partner’s database reported: 1.34 million shares, up from 1.31 million shares in 2016Q3. Also, the number of funds holding Western Asset Variable Rate Strategic Fund Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 6 Increased: 3 New Position: 1.

Western Asset Variable Rate Strategic Fund Inc. is a non-diversified, closed-end management investment company. The company has market cap of $78.66 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.

It is down 8.25% since June 20, 2016 and is uptrending. It has underperformed by 8.45% the S&P500.

Sit Investment Associates Inc holds 0.46% of its portfolio in Western Asset Vrble Rate Strtgc Fnd Inc. for 1.09 million shares. Smith Moore & Co. owns 12,550 shares or 0.08% of their US portfolio. Moreover, Landscape Capital Management L.L.C. has 0.03% invested in the company for 13,207 shares. The Florida-based Provise Management Group Llc has invested 0.03% in the stock. Brick & Kyle Associates, a Pennsylvania-based fund reported 1,078 shares.#img1#

Another recent and important Western Asset Vrble Rate Strtgc Fnd Inc. (NYSE:GFY) news was published by Businesswire.com which published an article titled: “Western Asset Variable Rate Strategic Fund Inc. Portfolio Composition as of …” on October 30, 2015.

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