Lalia Capital LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 177,700 shares of the investment management company’s stock, valued at approximately $2,093,000. BlackRock Floating Rate Income Strategies Fund accounts for 1.6% of Lalia Capital LLC’s investment portfolio, making the stock its 8th largest holding.
Several other hedge funds and other institutional investors have also recently made changes to their positions in FRA. CoreCap Advisors LLC lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 24.2% in the fourth quarter. CoreCap Advisors LLC now owns 7,710 shares of the investment management company’s stock valued at $91,000 after purchasing an additional 1,500 shares during the period. HighTower Advisors LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at about $123,000. Verus Capital Partners LLC lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 20.0% in the third quarter. Verus Capital Partners LLC now owns 18,000 shares of the investment management company’s stock valued at $234,000 after purchasing an additional 3,000 shares during the period. Jane Street Group LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the second quarter valued at about $244,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 37.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,629 shares of the investment management company’s stock valued at $304,000 after purchasing an additional 7,025 shares during the period.
BlackRock Floating Rate Income Strategies Fund Trading Down 0.6%
Shares of NYSE FRA opened at $10.89 on Friday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52 week low of $10.50 and a 52 week high of $13.41. The firm has a 50-day moving average price of $11.04 and a 200 day moving average price of $11.40.
About BlackRock Floating Rate Income Strategies Fund
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.
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