BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Free Report) declared a monthly dividend on Friday, June 5th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.1238 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date of this dividend is Wednesday, July 15th.
BlackRock Floating Rate Income Strategies Fund Trading Up 0.1%
Shares of FRA opened at $10.88 on Monday. The business’s 50-day moving average is $10.99 and its 200-day moving average is $11.25. BlackRock Floating Rate Income Strategies Fund has a fifty-two week low of $10.50 and a fifty-two week high of $13.41.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Readystate Asset Management LP acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at about $5,774,000. Marathon Strategic Advisors LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 6.3% in the first quarter. Marathon Strategic Advisors LLC now owns 392,654 shares of the investment management company’s stock worth $4,327,000 after acquiring an additional 23,411 shares in the last quarter. Invesco Ltd. increased its stake in shares of BlackRock Floating Rate Income Strategies Fund by 5.4% during the 4th quarter. Invesco Ltd. now owns 374,050 shares of the investment management company’s stock worth $4,406,000 after purchasing an additional 19,089 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of BlackRock Floating Rate Income Strategies Fund by 42.4% during the 3rd quarter. Raymond James Financial Inc. now owns 323,357 shares of the investment management company’s stock worth $4,197,000 after purchasing an additional 96,273 shares during the last quarter. Finally, Edgemoor Investment Advisors Inc. raised its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 47.1% during the 4th quarter. Edgemoor Investment Advisors Inc. now owns 296,213 shares of the investment management company’s stock valued at $3,489,000 after purchasing an additional 94,860 shares in the last quarter.
BlackRock Floating Rate Income Strategies Fund Company Profile
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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