ProVise Management Group LLC Sells 4,914 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

ProVise Management Group LLC decreased its holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,344 shares of the investment management company’s stock after selling 4,914 shares during the period. ProVise Management Group LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in BlackRock Floating Rate Income Strategies Fund by 6.9% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 14,589 shares of the investment management company’s stock valued at $201,000 after purchasing an additional 948 shares during the last quarter. Whitener Capital Management Inc. raised its holdings in BlackRock Floating Rate Income Strategies Fund by 3.5% in the 4th quarter. Whitener Capital Management Inc. now owns 30,196 shares of the investment management company’s stock valued at $415,000 after acquiring an additional 1,010 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in BlackRock Floating Rate Income Strategies Fund by 47.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,454 shares of the investment management company’s stock valued at $75,000 after acquiring an additional 1,744 shares during the last quarter. Anfield Capital Management LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the 4th quarter worth approximately $55,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 3.4% during 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 buying an additional 4,668 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.5 %

BlackRock Floating Rate Income Strategies Fund stock opened at $12.80 on Thursday. BlackRock Floating Rate Income Strategies Fund, Inc. has a fifty-two week low of $12.16 and a fifty-two week high of $14.50. The firm has a 50 day moving average price of $13.03 and a 200 day moving average price of $13.46.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.1238 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.49 annualized dividend and a dividend yield of 11.61%.

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.