BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) Stock Price Passes Above 200 Day Moving Average – What’s Next?

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.45 and traded as high as $14.17. BlackRock Floating Rate Income Strategies Fund shares last traded at $14.17, with a volume of 130,109 shares traded.

BlackRock Floating Rate Income Strategies Fund Price Performance

The firm has a fifty day moving average of $13.98 and a 200 day moving average of $13.45.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were issued a $0.1238 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.49 annualized dividend and a yield of 10.47%.

Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund

A number of large investors have recently made changes to their positions in the company. Klingman & Associates LLC grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 2.9% during the 2nd quarter. Klingman & Associates LLC now owns 26,786 shares of the investment management company’s stock valued at $347,000 after purchasing an additional 753 shares during the period. Kades & Cheifetz LLC lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 1.3% during the 3rd quarter. Kades & Cheifetz LLC now owns 73,781 shares of the investment management company’s stock valued at $974,000 after buying an additional 929 shares in the last quarter. Whitener Capital Management Inc. lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 4.4% during the 3rd quarter. Whitener Capital Management Inc. now owns 29,186 shares of the investment management company’s stock valued at $385,000 after buying an additional 1,236 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 1.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 166,569 shares of the investment management company’s stock valued at $2,155,000 after buying an additional 2,072 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 3.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 143,645 shares of the investment management company’s stock valued at $1,896,000 after buying an additional 4,668 shares in the last quarter.

About BlackRock Floating Rate Income Strategies Fund

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.