Baird Financial Group Inc. Has $515,000 Stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Baird Financial Group Inc. decreased its position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 71.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 37,420 shares of the investment management company’s stock after selling 95,128 shares during the period. Baird Financial Group Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $515,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FRA. Whitener Capital Management Inc. boosted its stake in BlackRock Floating Rate Income Strategies Fund by 3.5% in the 4th quarter. Whitener Capital Management Inc. now owns 30,196 shares of the investment management company’s stock worth $415,000 after purchasing an additional 1,010 shares during the period. Marathon Strategic Advisors LLC boosted its stake in BlackRock Floating Rate Income Strategies Fund by 3.3% in the 4th 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. Wealth Effects LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth approximately $166,000. Realta Investment Advisors acquired a new position in BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth approximately $162,000. Finally, Klingman & Associates LLC boosted its stake 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 worth $568,000 after purchasing an additional 13,795 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Down 1.4%

BlackRock Floating Rate Income Strategies Fund stock opened at $12.67 on Friday. The company has a 50 day moving average price of $12.47 and a 200 day moving average price of $13.18. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52 week low of $10.90 and a 52 week high of $14.50.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.1238 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.49 dividend on an annualized basis and a yield of 11.73%.

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.