Advisor Group Holdings Inc. Acquires 70,205 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

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BlackRock Floating Rate Income Strategies Fund logoAdvisor Group Holdings Inc. grew its holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Rating) by 45.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,667 shares of the investment management company’s stock after purchasing an additional 70,205 shares during the period. Advisor Group Holdings Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $2,956,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FRA. Geneos Wealth Management Inc. increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 80.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 3,607 shares of the investment management company’s stock worth $48,000 after purchasing an additional 1,607 shares in the last quarter. Future Financial Wealth Managment LLC grew its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 54.2% in the first quarter. Future Financial Wealth Managment LLC now owns 9,857 shares of the investment management company’s stock worth $128,000 after acquiring an additional 3,463 shares during the period. Brookstone Capital Management bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the first quarter worth $132,000. Level Four Advisory Services LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter worth $138,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 60.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,213 shares of the investment management company’s stock worth $164,000 after acquiring an additional 4,585 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.4 %

Shares of FRA opened at $12.66 on Friday. BlackRock Floating Rate Income Strategies Fund, Inc. has a one year low of $10.97 and a one year high of $14.46. The business has a fifty day moving average of $11.80 and a 200 day moving average of $12.44.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be issued a $0.0667 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.32%. The ex-dividend date is Friday, August 12th.

BlackRock Floating Rate Income Strategies Fund Company Profile

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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.

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Institutional Ownership by Quarter for BlackRock Floating Rate Income Strategies Fund (NYSE:FRA)



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