BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) Stock Passes Above 200 Day Moving Average – What’s Next?

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.89 and traded as high as $13.33. BlackRock Floating Rate Income Strategies Fund shares last traded at $13.25, with a volume of 52,273 shares changing hands.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.3%

The business has a 50-day moving average price of $12.76 and a 200-day moving average price of $12.89.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.1238 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.49 annualized dividend and a yield of 11.22%.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 47.0% during 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 acquiring an additional 1,744 shares during the period. Comerica Bank raised its stake in BlackRock Floating Rate Income Strategies Fund by 140.0% during the 4th quarter. Comerica Bank now owns 6,853 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 3,998 shares during the period. NBC Securities Inc. raised its stake in BlackRock Floating Rate Income Strategies Fund by 108,525.0% during the 1st quarter. NBC Securities Inc. now owns 8,690 shares of the investment management company’s stock valued at $112,000 after purchasing an additional 8,682 shares during the period. Jane Street Group LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at $144,000. Finally, Insigneo Advisory Services LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 1st quarter valued at $146,000.

About BlackRock Floating Rate Income Strategies Fund

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.