Readystate Asset Management LP Has $1.93 Million Holdings in BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

Readystate Asset Management LP cut its position in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 64.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 175,418 shares of the investment management company’s stock after selling 314,720 shares during the period. Readystate Asset Management LP’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $1,933,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Marathon Strategic Advisors LLC boosted its stake in BlackRock Floating Rate Income Strategies Fund by 6.3% during the first quarter. Marathon Strategic Advisors LLC now owns 392,654 shares of the investment management company’s stock worth $4,327,000 after buying an additional 23,411 shares in the last quarter. Invesco Ltd. raised its stake in shares of BlackRock Floating Rate Income Strategies Fund by 5.4% in the 4th quarter. Invesco Ltd. now owns 374,050 shares of the investment management company’s stock valued at $4,406,000 after buying an additional 19,089 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 42.4% during the 3rd quarter. Raymond James Financial Inc. now owns 323,357 shares of the investment management company’s stock worth $4,197,000 after acquiring an additional 96,273 shares during the period. Edgemoor Investment Advisors Inc. lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 47.1% during the 4th quarter. Edgemoor Investment Advisors Inc. now owns 296,213 shares of the investment management company’s stock worth $3,489,000 after acquiring an additional 94,860 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at about $2,772,000.

BlackRock Floating Rate Income Strategies Fund Price Performance

NYSE FRA opened at $10.74 on Wednesday. The company’s 50-day simple moving average is $10.91 and its 200 day simple moving average is $11.16. BlackRock Floating Rate Income Strategies Fund, Inc. has a twelve month low of $10.50 and a twelve month high of $13.41.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.1238 per share. This represents a c) dividend on an annualized basis and a yield of 13.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Floating Rate Income Strategies Fund Company 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.