TT Capital Management LLC Makes New $2.49 Million Investment in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

TT Capital Management LLC purchased a new position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 187,514 shares of the investment management company’s stock, valued at approximately $2,493,000. BlackRock Floating Rate Income Strategies Fund comprises about 2.0% of TT Capital Management LLC’s holdings, making the stock its 11th largest holding.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth $1,957,000. Edgemoor Investment Advisors Inc. lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 41.4% during the 4th quarter. Edgemoor Investment Advisors Inc. now owns 145,754 shares of the investment management company’s stock worth $2,004,000 after purchasing an additional 42,693 shares during the last quarter. Wells Fargo & Company MN boosted its stake in BlackRock Floating Rate Income Strategies Fund by 17.9% during the 4th quarter. Wells Fargo & Company MN now owns 144,694 shares of the investment management company’s stock valued at $1,990,000 after purchasing an additional 21,957 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund during the third quarter worth approximately $276,000. Finally, Advisors Asset Management Inc. boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 5.1% in the fourth quarter. Advisors Asset Management Inc. now owns 381,331 shares of the investment management company’s stock valued at $5,243,000 after acquiring an additional 18,401 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Up 1.3 %

Shares of FRA stock opened at $12.10 on Friday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1 year low of $10.90 and a 1 year high of $14.50. The firm’s fifty day simple moving average is $12.76 and its 200 day simple moving average is $13.37.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th 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 12.29%. The ex-dividend date 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.