Truist Financial Corp Trims Holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Truist Financial Corp cut its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 184,981 shares of the investment management company’s stock after selling 3,352 shares during the quarter. Truist Financial Corp’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $2,543,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FRA. Cornerstone Advisors LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter valued at $140,000. Realta Investment Advisors purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at $162,000. Wealth Effects LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at $166,000. Objective Capital Management LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter valued at $206,000. Finally, EP Wealth Advisors LLC purchased a new position in BlackRock Floating Rate Income Strategies Fund during the third quarter worth about $276,000.

BlackRock Floating Rate Income Strategies Fund Stock Performance

BlackRock Floating Rate Income Strategies Fund stock opened at $12.97 on Wednesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52 week low of $12.16 and a 52 week high of $14.50. The business has a 50-day simple moving average of $13.32 and a 200 day simple moving average of $13.47.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.1238 per share. This represents a $1.49 annualized dividend and a yield of 11.46%. The ex-dividend date is Friday, February 14th.

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.