International Assets Investment Management LLC Invests $133,000 in BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

International Assets Investment Management LLC purchased a new position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,098 shares of the investment management company’s stock, valued at approximately $133,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FRA. Guggenheim Capital LLC boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 15.8% in the 1st quarter. Guggenheim Capital LLC now owns 1,275,851 shares of the investment management company’s stock worth $16,484,000 after purchasing an additional 174,528 shares during the last quarter. Royal Bank of Canada boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 79.9% in the 1st quarter. Royal Bank of Canada now owns 165,544 shares of the investment management company’s stock worth $2,139,000 after purchasing an additional 73,518 shares during the last quarter. Edgemoor Investment Advisors Inc. boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 18.1% in the 1st quarter. Edgemoor Investment Advisors Inc. now owns 172,155 shares of the investment management company’s stock worth $2,224,000 after purchasing an additional 26,401 shares during the last quarter. Marathon Strategic Advisors LLC boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 9.0% in the 2nd quarter. Marathon Strategic Advisors LLC now owns 280,236 shares of the investment management company’s stock worth $3,682,000 after purchasing an additional 23,183 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in BlackRock Floating Rate Income Strategies Fund by 83.6% during the first quarter. Cetera Investment Advisers now owns 43,458 shares of the investment management company’s stock worth $561,000 after acquiring an additional 19,788 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.0%

FRA stock opened at $12.49 on Friday. The business’s 50-day moving average price is $13.04 and its two-hundred day moving average price is $12.87. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1-year low of $10.90 and a 1-year high of $14.50.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.1238 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 11.9%.

BlackRock Floating Rate Income Strategies Fund 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.