Raymond James Financial Inc. Purchases New Shares in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Raymond James Financial Inc. acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) in the 4th quarter, Holdings Channel reports. The firm acquired 142,353 shares of the investment management company’s stock, valued at approximately $1,957,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FRA. Marathon Strategic Advisors LLC increased its position in shares of BlackRock Floating Rate Income Strategies Fund by 3.3% during the 4th quarter. Marathon Strategic Advisors LLC now owns 248,675 shares of the investment management company’s stock valued at $3,419,000 after purchasing an additional 7,877 shares during the last quarter. Graypoint LLC lifted its position in BlackRock Floating Rate Income Strategies Fund by 2.7% in the fourth quarter. Graypoint LLC now owns 187,556 shares of the investment management company’s stock worth $2,579,000 after buying an additional 4,931 shares during the last quarter. Klingman & Associates LLC boosted its stake in BlackRock Floating Rate Income Strategies Fund by 50.1% during the fourth quarter. Klingman & Associates LLC now owns 41,342 shares of the investment management company’s stock worth $568,000 after buying an additional 13,795 shares during the period. Rockefeller Capital Management L.P. increased its position in BlackRock Floating Rate Income Strategies Fund by 3.4% during the third quarter. Rockefeller Capital Management L.P. now owns 143,645 shares of the investment management company’s stock valued at $1,896,000 after acquiring an additional 4,668 shares during the last quarter. Finally, Anfield Capital Management LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at $55,000.

BlackRock Floating Rate Income Strategies Fund Stock Performance

BlackRock Floating Rate Income Strategies Fund stock opened at $12.91 on Tuesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12-month low of $12.16 and a 12-month high of $14.50. The firm has a 50-day moving average price of $12.97 and a 200-day moving average price of $13.46.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.1238 dividend. This represents a $1.49 annualized dividend and a yield of 11.51%. The ex-dividend date of this dividend was Friday, March 14th.

BlackRock Floating Rate Income Strategies Fund Company 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.