Wealth Effects LLC Acquires New Shares in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Wealth Effects LLC bought a new position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,061 shares of the investment management company’s stock, valued at approximately $166,000.

Other hedge funds have also added to or reduced their stakes in the company. Kades & Cheifetz LLC boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 1.3% in the third 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. Whitener Capital Management Inc. grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 4.4% during the 3rd quarter. Whitener Capital Management Inc. now owns 29,186 shares of the investment management company’s stock valued at $385,000 after purchasing an additional 1,236 shares in the last quarter. Future Financial Wealth Managment LLC increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 29.5% in the third quarter. Future Financial Wealth Managment LLC now owns 47,394 shares of the investment management company’s stock worth $626,000 after purchasing an additional 10,788 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter worth $18,990,000. Finally, Marathon Strategic Advisors LLC boosted its stake in BlackRock Floating Rate Income Strategies Fund by 3.3% during the fourth quarter. Marathon Strategic Advisors LLC now owns 248,675 shares of the investment management company’s stock valued at $3,419,000 after buying an additional 7,877 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of NYSE FRA opened at $12.99 on Wednesday. The stock’s 50-day simple moving average is $13.74 and its two-hundred day simple moving average is $13.51. BlackRock Floating Rate Income Strategies Fund, Inc. has a twelve month low of $12.16 and a twelve month 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. Investors of record on Wednesday, January 15th will be given a $0.1238 dividend. This represents a $1.49 annualized dividend and a dividend yield of 11.44%. The ex-dividend date of this dividend is Wednesday, January 15th.

About BlackRock Floating Rate Income Strategies Fund

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.