BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) Share Price Passes Above 200-Day Moving Average of $13.08

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.08 and traded as high as $13.23. BlackRock Floating Rate Income Strategies Fund shares last traded at $13.15, with a volume of 82,853 shares.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.2 %

The business’s fifty day moving average price is $13.13 and its two-hundred day moving average price is $13.08.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.1238 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.49 annualized dividend and a yield of 11.30%.

Hedge Funds Weigh In On BlackRock Floating Rate Income Strategies Fund

Several hedge funds have recently added to or reduced their stakes in the company. Jones Road Capital Management L.P. grew its stake in BlackRock Floating Rate Income Strategies Fund by 59.8% in the 4th quarter. Jones Road Capital Management L.P. now owns 229,254 shares of the investment management company’s stock worth $2,902,000 after acquiring an additional 85,822 shares in the last quarter. Congress Park Capital LLC grew its stake in BlackRock Floating Rate Income Strategies Fund by 33.3% in the 2nd quarter. Congress Park Capital LLC now owns 217,985 shares of the investment management company’s stock worth $2,821,000 after acquiring an additional 54,466 shares in the last quarter. Edgemoor Investment Advisors Inc. grew its stake in BlackRock Floating Rate Income Strategies Fund by 191.0% in the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 64,652 shares of the investment management company’s stock worth $837,000 after acquiring an additional 42,437 shares in the last quarter. Advisors Asset Management Inc. grew its stake in BlackRock Floating Rate Income Strategies Fund by 9.4% in the 1st quarter. Advisors Asset Management Inc. now owns 309,241 shares of the investment management company’s stock worth $3,995,000 after acquiring an additional 26,446 shares in the last quarter. Finally, Gridiron Partners LLC bought a new position in BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth about $175,000.

About BlackRock Floating Rate Income Strategies Fund

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.