Comerica Bank Has $94,000 Position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Comerica Bank grew its position in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 140.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,853 shares of the investment management company’s stock after purchasing an additional 3,998 shares during the period. Comerica Bank’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $94,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 6.9% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 14,589 shares of the investment management company’s stock valued at $201,000 after acquiring an additional 948 shares in the last quarter. Virtus ETF Advisers LLC raised its stake in shares of BlackRock Floating Rate Income Strategies Fund by 2.7% in the fourth quarter. Virtus ETF Advisers LLC now owns 50,742 shares of the investment management company’s stock valued at $698,000 after buying an additional 1,331 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of BlackRock Floating Rate Income Strategies Fund by 47.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,454 shares of the investment management company’s stock valued at $75,000 after buying an additional 1,744 shares during the period. Lido Advisors LLC lifted its holdings in BlackRock Floating Rate Income Strategies Fund by 15.1% during the 4th quarter. Lido Advisors LLC now owns 23,908 shares of the investment management company’s stock worth $329,000 after purchasing an additional 3,138 shares in the last quarter. Finally, Anfield Capital Management LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund during the 4th quarter worth about $55,000.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of NYSE FRA opened at $12.62 on Monday. The stock’s 50-day simple moving average is $12.46 and its two-hundred day simple moving average is $13.17. BlackRock Floating Rate Income Strategies Fund, Inc. has a twelve month low of $10.90 and a twelve month high of $14.50.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a $0.1238 dividend. This represents a $1.49 annualized dividend and a yield of 11.78%. The ex-dividend date is Thursday, May 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.