Klingman & Associates LLC Buys 13,795 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Klingman & Associates LLC grew its stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 50.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,342 shares of the investment management company’s stock after buying an additional 13,795 shares during the quarter. Klingman & Associates LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Realta Investment Advisors bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter worth about $162,000. Wealth Effects LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter worth about $166,000. Marathon Strategic Advisors LLC grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 3.3% in the fourth quarter. Marathon Strategic Advisors LLC now owns 248,675 shares of the investment management company’s stock worth $3,419,000 after purchasing an additional 7,877 shares during the last quarter. Whitener Capital Management Inc. grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 3.5% in the fourth quarter. Whitener Capital Management Inc. now owns 30,196 shares of the investment management company’s stock worth $415,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Graypoint LLC grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 2.7% in the fourth quarter. Graypoint LLC now owns 187,556 shares of the investment management company’s stock worth $2,579,000 after purchasing an additional 4,931 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Price Performance

NYSE FRA opened at $13.12 on Wednesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1 year low of $12.16 and a 1 year high of $14.50. The business’s 50-day moving average is $13.47 and its 200 day moving average is $13.47.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.1238 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.49 annualized dividend and a dividend yield of 11.33%.

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.