Capital Investment Advisors LLC Sells 2,372 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Capital Investment Advisors LLC trimmed its holdings in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 5.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 39,255 shares of the investment management company’s stock after selling 2,372 shares during the period. Capital Investment Advisors LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $508,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FRA. Raymond James & Associates lifted its stake in BlackRock Floating Rate Income Strategies Fund by 22.0% during the fourth quarter. Raymond James & Associates now owns 32,404 shares of the investment management company’s stock worth $410,000 after purchasing an additional 5,852 shares during the period. International Assets Investment Management LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 4th quarter worth approximately $9,720,000. Koshinski Asset Management Inc. acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at $131,000. Graypoint LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 3.0% in the fourth quarter. Graypoint LLC now owns 167,664 shares of the investment management company’s stock valued at $2,123,000 after acquiring an additional 4,896 shares during the period. Finally, Kades & Cheifetz LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 12.7% in the fourth quarter. Kades & Cheifetz LLC now owns 68,345 shares of the investment management company’s stock valued at $865,000 after acquiring an additional 7,686 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Down 0.3 %

Shares of NYSE FRA traded down $0.04 during midday trading on Friday, reaching $13.03. 130,266 shares of the company traded hands, compared to its average volume of 162,637. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12 month low of $11.45 and a 12 month high of $13.69. The stock’s 50-day simple moving average is $13.18 and its 200-day simple moving average is $13.02.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a dividend of $0.1238 per share. This represents a $1.49 annualized dividend and a yield of 11.41%. The ex-dividend date is Thursday, August 15th.

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.