Whitener Capital Management Inc. Has $385,000 Stock Position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Whitener Capital Management Inc. boosted its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 4.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 29,186 shares of the investment management company’s stock after buying an additional 1,236 shares during the period. Whitener Capital Management Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $385,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Klingman & Associates LLC increased its position in shares of BlackRock Floating Rate Income Strategies Fund by 2.9% in the second quarter. Klingman & Associates LLC now owns 26,786 shares of the investment management company’s stock worth $347,000 after purchasing an additional 753 shares during the period. Kades & Cheifetz LLC increased its holdings in BlackRock Floating Rate Income Strategies Fund by 1.3% in the 3rd quarter. Kades & Cheifetz LLC now owns 73,781 shares of the investment management company’s stock valued at $974,000 after buying an additional 929 shares during the period. Objective Capital Management LLC increased its holdings in BlackRock Floating Rate Income Strategies Fund by 8.9% in the 1st quarter. Objective Capital Management LLC now owns 18,509 shares of the investment management company’s stock valued at $239,000 after buying an additional 1,520 shares during the period. Andrew Hill Investment Advisors Inc. increased its holdings in BlackRock Floating Rate Income Strategies Fund by 5.0% in the 2nd quarter. Andrew Hill Investment Advisors Inc. now owns 37,495 shares of the investment management company’s stock valued at $485,000 after buying an additional 1,786 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in BlackRock Floating Rate Income Strategies Fund by 1.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 166,569 shares of the investment management company’s stock valued at $2,155,000 after buying an additional 2,072 shares during the period.

BlackRock Floating Rate Income Strategies Fund Price Performance

FRA stock opened at $13.91 on Friday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12 month low of $11.82 and a 12 month high of $13.92. The company’s 50-day moving average price is $13.34 and its two-hundred day moving average price is $13.21.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a $0.1238 dividend. This represents a $1.49 annualized dividend and a yield of 10.68%. The ex-dividend date was Tuesday, October 15th.

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.