Marathon Strategic Advisors LLC Purchases 8,378 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Marathon Strategic Advisors LLC increased its holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 257,053 shares of the investment management company’s stock after purchasing an additional 8,378 shares during the period. BlackRock Floating Rate Income Strategies Fund makes up about 3.6% of Marathon Strategic Advisors LLC’s investment portfolio, making the stock its 11th largest position. Marathon Strategic Advisors LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $3,321,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Klingman & Associates LLC raised its holdings in BlackRock Floating Rate Income Strategies Fund by 50.1% during the 4th quarter. Klingman & Associates LLC now owns 41,342 shares of the investment management company’s stock valued at $568,000 after buying an additional 13,795 shares during the period. Anfield Capital Management LLC bought a new position in BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at about $55,000. Raymond James Financial Inc. purchased a new stake in BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth about $1,957,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted 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 period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of 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 buying an additional 1,744 shares during the period.

BlackRock Floating Rate Income Strategies Fund Trading Down 0.7%

FRA stock opened at $12.83 on Tuesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a twelve month low of $10.90 and a twelve month high of $14.50. The business’s fifty day simple moving average is $12.52 and its two-hundred day simple moving average is $12.99.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.1238 dividend. This represents a $1.49 annualized dividend and a yield of 11.58%. The ex-dividend date of this dividend is Friday, June 13th.

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.