Raymond James Financial Inc. Invests $1.96 Million in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Raymond James Financial Inc. bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 142,353 shares of the investment management company’s stock, valued at approximately $1,957,000.

Other hedge funds have also bought and sold shares of the company. Anfield Capital Management LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter worth approximately $55,000. Klingman & Associates LLC lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 50.1% during the 4th quarter. Klingman & Associates LLC now owns 41,342 shares of the investment management company’s stock valued at $568,000 after buying an additional 13,795 shares in the last quarter. Realta Investment Advisors bought a new position in BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth $162,000. Wealth Effects LLC bought a new position in BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth $166,000. Finally, Marathon Strategic Advisors LLC increased its stake in BlackRock Floating Rate Income Strategies Fund by 3.3% in the 4th quarter. Marathon Strategic Advisors LLC now owns 248,675 shares of the investment management company’s stock worth $3,419,000 after buying an additional 7,877 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of BlackRock Floating Rate Income Strategies Fund stock opened at $12.91 on Tuesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52 week low of $12.16 and a 52 week high of $14.50. The stock’s 50-day simple moving average is $12.97 and its 200-day simple moving average is $13.46.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.1238 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.49 annualized dividend and a yield of 11.51%.

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.