Marathon Strategic Advisors LLC Has $3.42 Million Stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Marathon Strategic Advisors LLC boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 248,675 shares of the investment management company’s stock after buying an additional 7,877 shares during the quarter. BlackRock Floating Rate Income Strategies Fund makes up approximately 3.7% of Marathon Strategic Advisors LLC’s portfolio, making the stock its 11th biggest position. Marathon Strategic Advisors LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $3,419,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FRA. Whitener Capital Management Inc. increased its position in shares of BlackRock Floating Rate Income Strategies Fund by 3.5% during the fourth quarter. Whitener Capital Management Inc. now owns 30,196 shares of the investment management company’s stock worth $415,000 after buying an additional 1,010 shares during the period. Graypoint LLC boosted its position in BlackRock Floating Rate Income Strategies Fund by 2.7% during the fourth quarter. Graypoint LLC now owns 187,556 shares of the investment management company’s stock valued at $2,579,000 after acquiring an additional 4,931 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 3rd quarter worth about $276,000. Rockefeller Capital Management L.P. raised its position in shares of BlackRock Floating Rate Income Strategies Fund by 3.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 143,645 shares of the investment management company’s stock worth $1,896,000 after acquiring an additional 4,668 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 24.6% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 73,870 shares of the investment management company’s stock valued at $975,000 after purchasing an additional 14,579 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of BlackRock Floating Rate Income Strategies Fund stock opened at $13.04 on Thursday. The stock’s 50-day moving average is $13.82 and its 200 day moving average is $13.51. BlackRock Floating Rate Income Strategies Fund, Inc. has a one year low of $12.16 and a one year high of $14.50.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.1238 per share. This represents a $1.49 annualized dividend and a dividend yield of 11.40%. The ex-dividend date of this dividend is Wednesday, January 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.