Wedbush Securities Inc. Sells 1,449 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Wedbush Securities Inc. lowered its holdings in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,902 shares of the investment management company’s stock after selling 1,449 shares during the quarter. Wedbush Securities Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of FRA. Anfield Capital Management LLC purchased a new position in BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth about $55,000. PNC Financial Services Group Inc. increased its position in BlackRock Floating Rate Income Strategies Fund by 47.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,454 shares of the investment management company’s stock valued at $75,000 after purchasing an additional 1,744 shares during the period. Realta Investment Advisors purchased a new position in BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at about $162,000. Wealth Effects LLC purchased a new position in BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at about $166,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in BlackRock Floating Rate Income Strategies Fund by 6.9% during the 4th 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 purchasing an additional 948 shares during the period.

BlackRock Floating Rate Income Strategies Fund Price Performance

NYSE FRA opened at $12.11 on Thursday. BlackRock Floating Rate Income Strategies Fund, Inc. has a one year low of $10.90 and a one year high of $14.50. The company’s 50-day simple moving average is $12.80 and its two-hundred day simple moving average is $13.39.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.1238 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 12.27%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.