BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Stock Holdings Decreased by Cwm LLC

Cwm LLC lessened its position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 25.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,883 shares of the investment management company’s stock after selling 969 shares during the quarter. Cwm LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $36,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gradient Investments LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund during the fourth quarter valued at $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. Anchor Investment Management LLC purchased a new position in BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at about $49,000. NBC Securities Inc. acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter valued at about $109,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter worth approximately $131,000.

BlackRock Floating Rate Income Strategies Fund Stock Performance

FRA stock opened at $13.21 on Friday. The firm has a 50 day simple moving average of $12.99 and a 200 day simple moving average of $12.55. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52 week low of $11.43 and a 52 week high of $13.29.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 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 11.25%. The ex-dividend date of this dividend is Tuesday, May 14th.

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.