Shares of Blackstone / GSO Strategic Credit Fund (NYSE:BGB) dropped 0.1% during trading on Friday . The stock traded as low as $14.85 and last traded at $14.89, approximately 192,815 shares changed hands during mid-day trading. An increase of 35% from the average daily volume of 142,490 shares. The stock had previously closed at $14.91.

The firm’s fifty day moving average price is $14.63 and its 200 day moving average price is $14.40.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a $0.105 dividend. This represents a $1.26 annualized dividend and a dividend yield of 8.46%. The ex-dividend date is Thursday, February 20th.

Hedge funds have recently added to or reduced their stakes in the company. Shaker Financial Services LLC purchased a new stake in Blackstone / GSO Strategic Credit Fund during the fourth quarter worth $1,738,000. Advisory Services Network LLC boosted its holdings in Blackstone / GSO Strategic Credit Fund by 27.3% during the fourth quarter. Advisory Services Network LLC now owns 87,051 shares of the company’s stock worth $1,252,000 after buying an additional 18,685 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Blackstone / GSO Strategic Credit Fund during the fourth quarter worth $158,000. FNY Investment Advisers LLC boosted its holdings in Blackstone / GSO Strategic Credit Fund by 281.2% during the fourth quarter. FNY Investment Advisers LLC now owns 23,322 shares of the company’s stock worth $335,000 after buying an additional 17,204 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in Blackstone / GSO Strategic Credit Fund by 3.7% during the third quarter. Stifel Financial Corp now owns 156,614 shares of the company’s stock worth $2,290,000 after buying an additional 5,539 shares in the last quarter.

Blackstone / GSO Strategic Credit Fund Company Profile (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.

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