Advisors Asset Management Inc. Increases Stock Position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Advisors Asset Management Inc. boosted its holdings in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 381,331 shares of the investment management company’s stock after buying an additional 18,401 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $5,243,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Edgemoor Investment Advisors Inc. raised its position in shares of BlackRock Floating Rate Income Strategies Fund by 41.4% in the 4th quarter. Edgemoor Investment Advisors Inc. now owns 145,754 shares of the investment management company’s stock worth $2,004,000 after acquiring an additional 42,693 shares in the last quarter. Commonwealth Equity Services LLC grew its stake 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. PNC Financial Services Group Inc. raised its holdings in BlackRock Floating Rate Income Strategies Fund by 47.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,454 shares of the investment management company’s stock worth $75,000 after purchasing an additional 1,744 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 6.9% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 14,589 shares of the investment management company’s stock valued at $201,000 after buying an additional 948 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at about $1,957,000.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.5 %

Shares of BlackRock Floating Rate Income Strategies Fund stock opened at $12.80 on Thursday. The firm’s 50 day moving average price is $13.03 and its 200-day moving average price is $13.46. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52-week low of $12.16 and a 52-week high of $14.50.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.1238 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 11.61%. The ex-dividend date is Friday, March 14th.

BlackRock Floating Rate Income Strategies Fund Company 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.