Truist Financial Corp Sells 23,226 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Truist Financial Corp lessened its holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 6.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 347,567 shares of the investment management company’s stock after selling 23,226 shares during the quarter. Truist Financial Corp’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $4,400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of FRA. Commonwealth Equity Services LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 24.4% in the 3rd 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 last quarter. Raymond James & Associates grew its position in BlackRock Floating Rate Income Strategies Fund by 15.6% in the 3rd quarter. Raymond James & Associates now owns 26,552 shares of the investment management company’s stock valued at $335,000 after acquiring an additional 3,582 shares during the last quarter. Graypoint LLC bought a new position in BlackRock Floating Rate Income Strategies Fund in the 3rd quarter valued at $2,054,000. Financial Advocates Investment Management bought a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 3rd quarter worth $138,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 4.8% during the 3rd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 61,174 shares of the investment management company’s stock worth $772,000 after buying an additional 2,813 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Price Performance

FRA opened at $13.12 on Monday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12-month low of $11.43 and a 12-month high of $13.22. The business’s fifty day simple moving average is $12.95 and its 200-day simple moving average is $12.52.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

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

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.