Klingman & Associates LLC Purchases 13,795 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Klingman & Associates LLC raised its position in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 50.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 41,342 shares of the investment management company’s stock after acquiring an additional 13,795 shares during the period. Klingman & Associates LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $568,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FRA. Penserra Capital Management LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund during the third quarter valued at approximately $13,195,000. International Assets Investment Management LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund during the third quarter valued at approximately $18,990,000. Advisors Asset Management Inc. lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 19.7% during the third quarter. Advisors Asset Management Inc. now owns 362,930 shares of the investment management company’s stock valued at $4,791,000 after purchasing an additional 59,840 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund during the third quarter valued at approximately $276,000. Finally, Objective Capital Management LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund during the third quarter valued at approximately $206,000.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of NYSE FRA opened at $13.12 on Wednesday. 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 has a 50 day moving average of $13.47 and a 200 day moving average of $13.47.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.1238 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.49 dividend on an annualized basis and a yield of 11.33%.

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.