Koshinski Asset Management Inc. Makes New $131,000 Investment in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Koshinski Asset Management Inc. acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,379 shares of the investment management company’s stock, valued at approximately $131,000.

Other institutional investors have also recently bought and sold shares of the company. Gradient Investments LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 4th quarter worth about $25,000. McGlone Suttner Wealth Management Inc. acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 4th quarter worth about $25,000. Comerica Bank acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 3rd quarter worth about $36,000. Anchor Investment Management LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 4th quarter worth about $49,000. Finally, Captrust Financial Advisors acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 2nd quarter worth about $71,000.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of NYSE FRA opened at $12.83 on Wednesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a one year low of $11.43 and a one year high of $13.22. The business has a 50-day moving average price of $12.88 and a two-hundred day moving average price of $12.47.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

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

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.