BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 7.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 164,497 shares of the investment management company’s stock after purchasing an additional 11,280 shares during the quarter. Commonwealth Equity Services LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $2,125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wagner Wealth Management LLC lifted its holdings in BlackRock Floating Rate Income Strategies Fund by 6.4% in the 4th quarter. Wagner Wealth Management LLC now owns 762,535 shares of the investment management company’s stock valued at $9,654,000 after acquiring an additional 45,895 shares during the last quarter. Invesco Ltd. lifted its holdings in BlackRock Floating Rate Income Strategies Fund by 4.7% in the 3rd quarter. Invesco Ltd. now owns 640,728 shares of the investment management company’s stock valued at $8,086,000 after acquiring an additional 28,762 shares during the last quarter. Jones Road Capital Management L.P. lifted its stake in BlackRock Floating Rate Income Strategies Fund by 59.8% during the fourth quarter. Jones Road Capital Management L.P. now owns 229,254 shares of the investment management company’s stock valued at $2,902,000 after buying an additional 85,822 shares in the last quarter. Graypoint LLC lifted its stake in BlackRock Floating Rate Income Strategies Fund by 3.0% during the fourth quarter. Graypoint LLC now owns 167,664 shares of the investment management company’s stock valued at $2,123,000 after buying an additional 4,896 shares in the last quarter. Finally, Congress Park Capital LLC lifted its stake in BlackRock Floating Rate Income Strategies Fund by 28.9% during the first quarter. Congress Park Capital LLC now owns 163,519 shares of the investment management company’s stock valued at $2,113,000 after buying an additional 36,706 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Price Performance

FRA stock traded down $0.07 during mid-day trading on Friday, reaching $13.22. 125,981 shares of the stock traded hands, compared to its average volume of 149,088. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52-week low of $11.45 and a 52-week high of $13.34. The stock’s fifty day moving average is $13.10 and its 200-day moving average is $12.85.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a dividend of $0.1238 per share. This represents a $1.49 dividend on an annualized basis and a yield of 11.24%. The ex-dividend date of this dividend is Monday, July 15th.

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.