International Assets Investment Management LLC Takes Position in BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

International Assets Investment Management LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) during the second quarter, HoldingsChannel reports. The institutional investor purchased 10,098 shares of the investment management company’s stock, valued at approximately $133,000.

A number of other institutional investors also recently modified their holdings of FRA. OneDigital Investment Advisors LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the first quarter valued at about $147,000. Realta Investment Advisors lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 145.5% in the first quarter. Realta Investment Advisors now owns 29,612 shares of the investment management company’s stock valued at $383,000 after purchasing an additional 17,549 shares in the last quarter. Whitener Capital Management Inc. lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 22.4% in the first quarter. Whitener Capital Management Inc. now owns 36,949 shares of the investment management company’s stock valued at $477,000 after purchasing an additional 6,753 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 8.3% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 80,152 shares of the investment management company’s stock valued at $1,036,000 after purchasing an additional 6,118 shares in the last quarter. Finally, Graypoint LLC increased its position in shares of BlackRock Floating Rate Income Strategies Fund by 2.9% in the first quarter. Graypoint LLC now owns 192,985 shares of the investment management company’s stock valued at $2,493,000 after acquiring an additional 5,429 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.0%

NYSE:FRA opened at $12.49 on Friday. The stock’s 50-day simple moving average is $13.04 and its 200 day simple moving average is $12.87. 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 Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a $0.1238 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%.

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.