Graypoint LLC Acquires 5,037 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Graypoint LLC increased its position in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,625 shares of the investment management company’s stock after acquiring an additional 5,037 shares during the period. Graypoint LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $2,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FRA. Whitener Capital Management Inc. grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 4.4% during the third quarter. Whitener Capital Management Inc. now owns 29,186 shares of the investment management company’s stock valued at $385,000 after buying an additional 1,236 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund in the third quarter worth about $18,990,000. Eastern Bank purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter worth $145,000. Future Financial Wealth Managment LLC increased its position in shares of BlackRock Floating Rate Income Strategies Fund by 29.5% during the third quarter. Future Financial Wealth Managment LLC now owns 47,394 shares of the investment management company’s stock valued at $626,000 after acquiring an additional 10,788 shares in the last quarter. Finally, Kades & Cheifetz LLC lifted its stake in BlackRock Floating Rate Income Strategies Fund by 1.3% during the 3rd quarter. Kades & Cheifetz LLC now owns 73,781 shares of the investment management company’s stock valued at $974,000 after acquiring an additional 929 shares during the period.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.1 %

Shares of NYSE:FRA opened at $14.02 on Thursday. The firm’s 50 day moving average price is $13.40 and its 200-day moving average price is $13.23. BlackRock Floating Rate Income Strategies Fund, Inc. has a twelve month low of $11.82 and a twelve month high of $14.11.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.1238 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.49 annualized dividend and a yield of 10.60%.

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.