Park Avenue Securities LLC Buys 1,201 Shares of BlackRock Floating Rate Income SFI (FRA)

Park Avenue Securities LLC increased its stake in BlackRock Floating Rate Income SFI (NYSE:FRA) by 6.3% during the 1st quarter, Holdings Channel reports. The firm owned 20,331 shares of the investment management company’s stock after acquiring an additional 1,201 shares during the period. Park Avenue Securities LLC’s holdings in BlackRock Floating Rate Income SFI were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FRA. LPL Financial LLC increased its position in BlackRock Floating Rate Income SFI by 13.8% in the 4th quarter. LPL Financial LLC now owns 14,312 shares of the investment management company’s stock valued at $170,000 after acquiring an additional 1,735 shares during the period. Surevest Inc. acquired a new stake in BlackRock Floating Rate Income SFI in the 4th quarter valued at approximately $173,000. Advisory Services Network LLC increased its position in BlackRock Floating Rate Income SFI by 67.9% in the 4th quarter. Advisory Services Network LLC now owns 14,846 shares of the investment management company’s stock valued at $177,000 after acquiring an additional 6,006 shares during the period. Private Advisor Group LLC acquired a new stake in BlackRock Floating Rate Income SFI in the 4th quarter valued at approximately $217,000. Finally, Matisse Capital acquired a new stake in BlackRock Floating Rate Income SFI in the 1st quarter valued at approximately $265,000.

FRA opened at $12.94 on Friday. BlackRock Floating Rate Income SFI has a 12 month low of $11.63 and a 12 month high of $14.44.

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a $0.0695 dividend. This represents a $0.83 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend is Tuesday, May 14th.

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BlackRock Floating Rate Income SFI Profile

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.

Further Reading: Elliott Wave Theory

Want to see what other hedge funds are holding FRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Floating Rate Income SFI (NYSE:FRA).

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

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