AlphaMark Advisors LLC Has $671,000 Stake in BlackRock Floating Rate Income Strategies Fund Inc (FRA)

AlphaMark Advisors LLC lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund Inc (NYSE:FRA) by 352.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,200 shares of the investment management company’s stock after buying an additional 36,000 shares during the period. AlphaMark Advisors LLC owned approximately 0.12% of BlackRock Floating Rate Income Strategies Fund worth $671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coastline Trust Co boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 8.1% during the fourth quarter. Coastline Trust Co now owns 115,290 shares of the investment management company’s stock worth $1,590,000 after buying an additional 8,670 shares during the period. OTA Financial Group L.P. acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund during the fourth quarter worth approximately $230,000. D.A. Davidson & CO. boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 93.4% during the fourth quarter. D.A. Davidson & CO. now owns 26,955 shares of the investment management company’s stock worth $372,000 after buying an additional 13,020 shares during the period. BlueCrest Capital Management Ltd acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund during the fourth quarter worth approximately $637,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund during the fourth quarter worth approximately $147,000.

Shares of NYSE FRA opened at $14.29 on Friday. BlackRock Floating Rate Income Strategies Fund Inc has a 12-month low of $14.41 and a 12-month high of $14.42.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.061 per share. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.73 annualized dividend and a dividend yield of 5.12%.

BlackRock Floating Rate Income Strategies Fund Profile

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.

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Institutional Ownership by Quarter for BlackRock Floating Rate Income Strategies Fund (NYSE:FRA)

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