Commonwealth Equity Services LLC Buys Shares of 70,283 BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Commonwealth Equity Services LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 70,283 shares of the investment management company’s stock, valued at approximately $791,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. DT Investment Partners LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at $49,000. Wolverine Asset Management LLC lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 73.1% in the third quarter. Wolverine Asset Management LLC now owns 4,460 shares of the investment management company’s stock valued at $49,000 after buying an additional 1,884 shares during the period. Captrust Financial Advisors bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the second quarter valued at about $71,000. Virtu Financial LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the third quarter worth about $111,000. Finally, IHT Wealth Management LLC bought a new position in BlackRock Floating Rate Income Strategies Fund during the third quarter valued at about $123,000.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of FRA stock opened at $11.57 on Wednesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12 month low of $10.92 and a 12 month high of $12.79. The stock has a 50 day moving average of $11.66 and a two-hundred day moving average of $11.68.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be given a $0.1116 dividend. The ex-dividend date of this dividend is Friday, May 12th. This represents a $1.34 annualized dividend and a yield of 11.57%.

BlackRock Floating Rate Income Strategies Fund Profile

(Get Rating)

BlackRock Floating Rate Income Strategies Fund, Inc operates as a closed-end investment fund. It intends to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting of floating rate debt securities and instruments.