BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 63,004 shares of the investment management company’s stock after selling 1,470 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $798,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James & Associates boosted its stake in BlackRock Floating Rate Income Strategies Fund by 22.0% in the 4th quarter. Raymond James & Associates now owns 32,404 shares of the investment management company’s stock worth $410,000 after purchasing an additional 5,852 shares during the period. Anchor Investment Management LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth approximately $49,000. Comerica Bank acquired a new position in BlackRock Floating Rate Income Strategies Fund in the 3rd quarter worth approximately $36,000. Ameriprise Financial Inc. boosted its stake in BlackRock Floating Rate Income Strategies Fund by 18.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 142,931 shares of the investment management company’s stock worth $1,804,000 after purchasing an additional 21,823 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in BlackRock Floating Rate Income Strategies Fund by 6.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 325,694 shares of the investment management company’s stock worth $4,110,000 after purchasing an additional 18,350 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.4 %

BlackRock Floating Rate Income Strategies Fund stock opened at $12.83 on Wednesday. The company has a 50 day moving average price of $12.88 and a 200 day moving average price of $12.47. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52 week low of $11.43 and a 52 week high of $13.22.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a dividend of $0.1238 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 11.59%. The ex-dividend date is Friday, April 12th.

BlackRock Floating Rate Income Strategies Fund Profile

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.