Wealth Effects LLC Makes New $166,000 Investment in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Wealth Effects LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) in the fourth quarter, HoldingsChannel reports. The firm acquired 12,061 shares of the investment management company’s stock, valued at approximately $166,000.

Other institutional investors also recently made changes to their positions in the company. Kades & Cheifetz LLC lifted its stake in BlackRock Floating Rate Income Strategies Fund by 1.3% in the third quarter. Kades & Cheifetz LLC now owns 73,781 shares of the investment management company’s stock worth $974,000 after purchasing an additional 929 shares during the last quarter. Future Financial Wealth Managment LLC increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 29.5% in the third quarter. Future Financial Wealth Managment LLC now owns 47,394 shares of the investment management company’s stock worth $626,000 after buying an additional 10,788 shares during the period. Eastern Bank bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter valued at about $145,000. International Assets Investment Management LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund during the 3rd quarter valued at about $18,990,000. Finally, Whitener Capital Management Inc. grew its position in 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 worth $385,000 after acquiring an additional 1,236 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Trading Down 0.2 %

Shares of FRA stock opened at $12.99 on Wednesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a fifty-two week low of $12.16 and a fifty-two week high of $14.50. The stock has a 50 day moving average price of $13.74 and a two-hundred day moving average price of $13.51.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.1238 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.49 dividend on an annualized basis and a yield of 11.44%.

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.