BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.18 and traded as low as $10.74. BlackRock Floating Rate Income Strategies Fund shares last traded at $10.7450, with a volume of 97,643 shares.

BlackRock Floating Rate Income Strategies Fund Stock Down 0.4%

The stock has a 50 day simple moving average of $10.93 and a two-hundred day simple moving average of $11.18.

Get BlackRock Floating Rate Income Strategies Fund alerts:

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.1238 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 13.8%.

Hedge Funds Weigh In On BlackRock Floating Rate Income Strategies Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FRA. Greykasell Wealth Strategies Inc. acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth about $39,000. Fifth Third Bancorp acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the first quarter valued at about $44,000. CoreCap Advisors LLC raised its stake in shares of BlackRock Floating Rate Income Strategies Fund by 24.2% during the fourth quarter. CoreCap Advisors LLC now owns 7,710 shares of the investment management company’s stock valued at $91,000 after purchasing an additional 1,500 shares during the period. HighTower Advisors LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth $123,000. Finally, Alpine Global Management LLC acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter worth about $131,000.

BlackRock Floating Rate Income Strategies Fund Company Profile

(Get Free Report)

BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.

In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.

Featured Stories

• Five stocks we like better than BlackRock Floating Rate Income Strategies Fund
• Premium Retail’s Stress Test Is Separating Winners From Losers
• D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
• GE Vernova Just Sent a Mixed AI Signal to Investors
• Alphabet Crushed Earnings, But One Number Spooked the Market

Receive News & Ratings for BlackRock Floating Rate Income Strategies Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Floating Rate Income Strategies Fund and related companies with MarketBeat.com's FREE daily email newsletter.