BlackRock Floating Rate Income Strategies Fund, Inc. $FRA Shares Bought by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. increased its position in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 47.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 296,213 shares of the investment management company’s stock after buying an additional 94,860 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $3,489,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 24.2% during the 4th quarter. CoreCap Advisors LLC now owns 7,710 shares of the investment management company’s stock worth $91,000 after acquiring an additional 1,500 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at about $123,000. Verus Capital Partners LLC raised its holdings in BlackRock Floating Rate Income Strategies Fund by 20.0% in the 3rd quarter. Verus Capital Partners LLC now owns 18,000 shares of the investment management company’s stock worth $234,000 after purchasing an additional 3,000 shares during the period. Jane Street Group LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund in the 2nd quarter worth about $244,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in BlackRock Floating Rate Income Strategies Fund by 37.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,629 shares of the investment management company’s stock worth $304,000 after purchasing an additional 7,025 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Trading Down 0.4%

Shares of NYSE:FRA opened at $11.15 on Friday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1 year low of $10.50 and a 1 year high of $13.41. The business’s 50 day moving average price is $11.02 and its 200-day moving average price is $11.45.

BlackRock Floating Rate Income Strategies Fund Profile

BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.

In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.