Commonwealth Equity Services LLC Increases Position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Commonwealth Equity Services LLC grew its holdings in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 165,876 shares of the investment management company’s stock after buying an additional 4,836 shares during the quarter. Commonwealth Equity Services LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $2,281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Marathon Strategic Advisors LLC increased its stake in BlackRock Floating Rate Income Strategies Fund by 3.3% in the fourth quarter. Marathon Strategic Advisors LLC now owns 248,675 shares of the investment management company’s stock worth $3,419,000 after purchasing an additional 7,877 shares during the period. Graypoint LLC grew its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 2.7% in the fourth quarter. Graypoint LLC now owns 187,556 shares of the investment management company’s stock worth $2,579,000 after purchasing an additional 4,931 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in BlackRock Floating Rate Income Strategies Fund by 3.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 143,645 shares of the investment management company’s stock worth $1,896,000 after buying an additional 4,668 shares during the period. Raymond James Financial Inc. bought a new stake in BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at about $1,957,000. Finally, Klingman & Associates LLC boosted its position in BlackRock Floating Rate Income Strategies Fund by 50.1% in the 4th quarter. Klingman & Associates LLC now owns 41,342 shares of the investment management company’s stock valued at $568,000 after buying an additional 13,795 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of FRA stock opened at $12.78 on Friday. The company’s 50-day simple moving average is $12.98 and its two-hundred day simple moving average is $13.45. BlackRock Floating Rate Income Strategies Fund, Inc. has a one year low of $12.16 and a one year high of $14.50.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.1238 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.49 annualized dividend and a yield of 11.63%.

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.