Commonwealth Equity Services LLC Raises Holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Commonwealth Equity Services LLC increased its position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,876 shares of the investment management company’s stock after buying an additional 4,836 shares during the period. Commonwealth Equity Services LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $2,281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 6.9% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 14,589 shares of the investment management company’s stock worth $201,000 after acquiring an additional 948 shares in the last quarter. Whitener Capital Management Inc. increased its position in BlackRock Floating Rate Income Strategies Fund by 3.5% in the fourth quarter. Whitener Capital Management Inc. now owns 30,196 shares of the investment management company’s stock worth $415,000 after purchasing an additional 1,010 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in BlackRock Floating Rate Income Strategies Fund by 47.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,454 shares of the investment management company’s stock valued at $75,000 after purchasing an additional 1,744 shares in the last quarter. Anfield Capital Management LLC bought a new position in BlackRock Floating Rate Income Strategies Fund during the fourth quarter valued at $55,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 3.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 143,645 shares of the investment management company’s stock worth $1,896,000 after buying an additional 4,668 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Performance

BlackRock Floating Rate Income Strategies Fund stock opened at $12.78 on Friday. BlackRock Floating Rate Income Strategies Fund, Inc. has a twelve month low of $12.16 and a twelve month high of $14.50. The company’s 50-day moving average price is $12.98 and its 200-day moving average price is $13.45.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.1238 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.49 annualized dividend and a yield of 11.63%.

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.