Eaton Vance Management Buys Shares of 260,628 BlackRock Floating Rate Income Strat. Fn (FRA)

Eaton Vance Management bought a new position in BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 260,628 shares of the investment management company’s stock, valued at approximately $3,631,000. Eaton Vance Management owned 0.70% of BlackRock Floating Rate Income Strat. Fn at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FRA. ProVise Management Group LLC boosted its stake in BlackRock Floating Rate Income Strat. Fn by 31.1% in the 2nd quarter. ProVise Management Group LLC now owns 132,252 shares of the investment management company’s stock worth $1,862,000 after purchasing an additional 31,405 shares during the period. Apriem Advisors boosted its stake in BlackRock Floating Rate Income Strat. Fn by 41.5% in the 2nd quarter. Apriem Advisors now owns 61,250 shares of the investment management company’s stock worth $862,000 after purchasing an additional 17,950 shares during the period. Shaker Financial Services LLC acquired a new position in BlackRock Floating Rate Income Strat. Fn in the 2nd quarter worth $233,000. Usca Ria LLC boosted its stake in BlackRock Floating Rate Income Strat. Fn by 1.5% in the 2nd quarter. Usca Ria LLC now owns 82,652 shares of the investment management company’s stock worth $1,164,000 after purchasing an additional 1,260 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its stake in BlackRock Floating Rate Income Strat. Fn by 5.9% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 18,155 shares of the investment management company’s stock worth $258,000 after purchasing an additional 1,011 shares during the period.

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BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) opened at 13.93 on Friday. BlackRock Floating Rate Income Strat. Fn has a 52 week low of $13.36 and a 52 week high of $14.85. The company has a 50-day moving average of $14.07 and a 200-day moving average of $14.28.

The business also recently declared a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.061 dividend. This represents a $0.73 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend is Thursday, September 14th.

About BlackRock Floating Rate Income Strat. Fn

BlackRock Floating Rate Income Strategies Fund, Inc is a diversified, closed-end management investment company. The Fund’s investment objective is to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments.

Institutional Ownership by Quarter for BlackRock Floating Rate Income Strat. Fn (NYSE:FRA)

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