BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) Stock Price Crosses Below 200 Day Moving Average of $11.68

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Rating) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.68 and traded as low as $11.59. BlackRock Floating Rate Income Strategies Fund shares last traded at $11.65, with a volume of 107,313 shares traded.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.5 %

The firm has a 50-day moving average of $11.56 and a 200-day moving average of $11.68.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be given a dividend of $0.0804 per share. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $0.96 annualized dividend and a yield of 8.28%.

Hedge Funds Weigh In On BlackRock Floating Rate Income Strategies Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Shaker Financial Services LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 357.6% during the 2nd quarter. Shaker Financial Services LLC now owns 101,381 shares of the investment management company’s stock worth $1,155,000 after acquiring an additional 79,224 shares during the last quarter. Congress Park Capital LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter worth approximately $1,040,000. AEGON USA Investment Management LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 2nd quarter worth approximately $145,000. Strategic Blueprint LLC grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 14.1% in the 2nd quarter. Strategic Blueprint LLC now owns 67,431 shares of the investment management company’s stock worth $768,000 after buying an additional 8,316 shares during the last quarter. Finally, Apriem Advisors grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 4.2% in the 2nd quarter. Apriem Advisors now owns 90,917 shares of the investment management company’s stock worth $1,036,000 after buying an additional 3,687 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Company Profile

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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.