Graypoint LLC Purchases 4,931 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 2.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 187,556 shares of the investment management company’s stock after buying an additional 4,931 shares during the period. Graypoint LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $2,579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Advisors LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 3rd quarter worth about $140,000. Eastern Bank bought a new stake in BlackRock Floating Rate Income Strategies Fund during the 3rd quarter valued at $145,000. Objective Capital Management LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund during the third quarter worth $206,000. EP Wealth Advisors LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter valued at $276,000. Finally, Klingman & Associates LLC grew its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 2.8% during the third quarter. Klingman & Associates LLC now owns 27,547 shares of the investment management company’s stock valued at $364,000 after buying an additional 761 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Trading Down 1.2 %

NYSE FRA traded down $0.16 on Friday, reaching $13.28. The company had a trading volume of 305,949 shares, compared to its average volume of 233,092. The company’s fifty day moving average is $13.98 and its 200 day moving average is $13.51. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52-week low of $12.15 and a 52-week high of $14.50.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.1238 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.49 annualized dividend and a dividend yield of 11.19%.

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.