Steward Partners Investment Advisory LLC Sells 3,404 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Steward Partners Investment Advisory LLC trimmed its holdings in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRAGet Rating) by 27.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,809 shares of the investment management company’s stock after selling 3,404 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $115,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Truist Financial Corp raised its holdings in BlackRock Floating Rate Income Strategies Fund by 54.3% in the 1st quarter. Truist Financial Corp now owns 119,296 shares of the investment management company’s stock valued at $1,553,000 after acquiring an additional 42,004 shares in the last quarter. Zazove Associates LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund in the first quarter valued at about $498,000. Objective Capital Management LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund in the first quarter valued at about $313,000. OTA Financial Group L.P. bought a new stake in BlackRock Floating Rate Income Strategies Fund during the first quarter worth about $300,000. Finally, Brookstone Capital Management bought a new position in BlackRock Floating Rate Income Strategies Fund in the 1st quarter valued at about $132,000.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of NYSE:FRA opened at $12.49 on Wednesday. The firm has a 50 day moving average of $11.65 and a 200-day moving average of $12.49. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12 month low of $10.97 and a 12 month high of $14.46.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were issued a $0.0667 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend was Thursday, July 14th.

About BlackRock Floating Rate Income Strategies Fund

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BlackRock Floating Rate Income Strategies Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.

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Institutional Ownership by Quarter for BlackRock Floating Rate Income Strategies Fund (NYSE:FRA)

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