Truist Financial Corp Sells 3,352 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Truist Financial Corp lessened its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 reporting period.

Other large investors also recently modified their holdings of the company. Cornerstone Advisors LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter valued at approximately $140,000. Realta Investment Advisors bought a new position in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at approximately $162,000. Wealth Effects LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund during the fourth quarter worth $166,000. Objective Capital Management LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund during the third quarter worth $206,000. Finally, EP Wealth Advisors LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund during the third quarter worth $276,000.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.2 %

Shares of BlackRock Floating Rate Income Strategies Fund stock opened at $12.97 on Wednesday. The business’s fifty day simple moving average is $13.32 and its 200 day simple moving average is $13.47. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12 month low of $12.16 and a 12 month high of $14.50.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

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

BlackRock Floating Rate Income Strategies Fund Company 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.