International Assets Investment Management LLC Purchases Shares of 76,783 BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

International Assets Investment Management LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 76,783 shares of the investment management company’s stock, valued at approximately $9,720,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 24.4% during the third quarter. Commonwealth Equity Services LLC now owns 100,737 shares of the investment management company’s stock valued at $1,271,000 after acquiring an additional 19,769 shares during the period. Raymond James & Associates grew its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 15.6% during the 3rd quarter. Raymond James & Associates now owns 26,552 shares of the investment management company’s stock worth $335,000 after purchasing an additional 3,582 shares during the period. Graypoint LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 3rd quarter worth approximately $2,054,000. Financial Advocates Investment Management purchased a new position in BlackRock Floating Rate Income Strategies Fund in the third quarter valued at approximately $138,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in BlackRock Floating Rate Income Strategies Fund by 4.8% in the third quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 61,174 shares of the investment management company’s stock valued at $772,000 after buying an additional 2,813 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Performance

FRA opened at $13.12 on Monday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52-week low of $11.43 and a 52-week high of $13.22. The company has a 50 day moving average of $12.95 and a two-hundred day moving average of $12.52.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.1238 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.49 dividend on an annualized basis and a yield of 11.33%.

BlackRock Floating Rate Income Strategies Fund Company 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.