Blackstone / GSO Strategic Credit Fund (NYSE:BGB) Shares Down 0.3%

Blackstone / GSO Strategic Credit Fund (NYSE:BGB)’s share price was down 0.3% on Monday . The company traded as low as $14.55 and last traded at $14.57, approximately 1,377 shares traded hands during trading. A decline of 99% from the average daily volume of 166,654 shares. The stock had previously closed at $14.61.

The company has a 50-day moving average of $14.82.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be issued a $0.114 dividend. This represents a $1.37 dividend on an annualized basis and a yield of 9.40%. The ex-dividend date is Thursday, August 22nd.

A number of hedge funds have recently modified their holdings of the stock. LLBH Private Wealth Management LLC grew its holdings in Blackstone / GSO Strategic Credit Fund by 3.9% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 3,001,757 shares of the company’s stock worth $44,032,000 after buying an additional 112,546 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Blackstone / GSO Strategic Credit Fund by 5.1% in the 2nd quarter. Wells Fargo & Company MN now owns 674,278 shares of the company’s stock worth $9,891,000 after buying an additional 32,702 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in Blackstone / GSO Strategic Credit Fund by 2.6% in the 2nd quarter. Capital Investment Advisors LLC now owns 337,701 shares of the company’s stock worth $4,954,000 after buying an additional 8,614 shares in the last quarter. Next Capital Management LLC grew its holdings in Blackstone / GSO Strategic Credit Fund by 42.6% in the 2nd quarter. Next Capital Management LLC now owns 251,816 shares of the company’s stock worth $3,694,000 after buying an additional 75,168 shares in the last quarter. Finally, Virtus ETF Advisers LLC bought a new position in Blackstone / GSO Strategic Credit Fund in the 2nd quarter worth approximately $3,451,000.

About Blackstone / GSO Strategic Credit Fund (NYSE:BGB)

Blackstone/GSO Strategic Credit Fund is a close ended fixed income mutual fund launched and managed by GSO / Blackstone Debt Funds Management LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the loans and other fixed income instruments including first- and second-lien secured loans and high-yield corporate bonds of different maturities.

Read More: How Do Investors Open a Backdoor Roth IRA?

Receive News & Ratings for Blackstone / GSO Strategic Credit Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone / GSO Strategic Credit Fund and related companies with MarketBeat.com's FREE daily email newsletter.