Lalia Capital LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 177,700 shares of the investment management company’s stock, valued at approximately $2,093,000. BlackRock Floating Rate Income Strategies Fund makes up about 1.6% of Lalia Capital LLC’s investment portfolio, making the stock its 8th largest holding.
Several other institutional investors and hedge funds also recently modified their holdings of FRA. CoreCap Advisors LLC lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 24.2% in 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 in the last quarter. HighTower Advisors LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at about $123,000. Verus Capital Partners LLC lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 20.0% in the third quarter. Verus Capital Partners LLC now owns 18,000 shares of the investment management company’s stock valued at $234,000 after purchasing an additional 3,000 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the second quarter valued at about $244,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 37.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,629 shares of the investment management company’s stock valued at $304,000 after purchasing an additional 7,025 shares in the last quarter.
BlackRock Floating Rate Income Strategies Fund Stock Down 0.6%
Shares of NYSE FRA opened at $10.89 on Friday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12-month low of $10.50 and a 12-month high of $13.41. The firm’s 50-day moving average is $11.04 and its two-hundred day moving average is $11.40.
About BlackRock Floating Rate Income Strategies Fund
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.
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