BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381,331 shares of the investment management company’s stock after acquiring an additional 18,401 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $5,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Penserra Capital Management LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 3rd quarter valued at approximately $13,195,000. Marathon Strategic Advisors LLC raised its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 3.3% during the fourth quarter. Marathon Strategic Advisors LLC now owns 248,675 shares of the investment management company’s stock worth $3,419,000 after purchasing an additional 7,877 shares during the last quarter. Graypoint LLC lifted its position in BlackRock Floating Rate Income Strategies Fund by 2.7% during the fourth quarter. Graypoint LLC now owns 187,556 shares of the investment management company’s stock valued at $2,579,000 after purchasing an additional 4,931 shares during the period. Commonwealth Equity Services LLC boosted its holdings in BlackRock Floating Rate Income Strategies Fund by 3.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 165,876 shares of the investment management company’s stock valued at $2,281,000 after purchasing an additional 4,836 shares during the last quarter. Finally, Edgemoor Investment Advisors Inc. grew its position in BlackRock Floating Rate Income Strategies Fund by 41.4% during the 4th quarter. Edgemoor Investment Advisors Inc. now owns 145,754 shares of the investment management company’s stock worth $2,004,000 after purchasing an additional 42,693 shares during the period.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.5 %

NYSE FRA opened at $12.80 on Thursday. BlackRock Floating Rate Income Strategies Fund, Inc. has a fifty-two week low of $12.16 and a fifty-two week high of $14.50. The stock has a 50-day simple moving average of $13.03 and a two-hundred day simple moving average of $13.46.

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 given a $0.1238 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.49 annualized dividend and a yield of 11.61%.

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.