Truist Financial Corp Sells 55,854 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

Truist Financial Corp reduced its position in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 60.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 37,262 shares of the investment management company’s stock after selling 55,854 shares during the quarter. Truist Financial Corp’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $439,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC raised its holdings in BlackRock Floating Rate Income Strategies Fund by 7.0% during the 4th quarter. Sanctuary Advisors LLC now owns 49,400 shares of the investment management company’s stock worth $582,000 after purchasing an additional 3,216 shares during the last quarter. Klingman & Associates LLC raised its holdings in BlackRock Floating Rate Income Strategies Fund by 3.1% during the 4th quarter. Klingman & Associates LLC now owns 46,456 shares of the investment management company’s stock worth $547,000 after purchasing an additional 1,408 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in BlackRock Floating Rate Income Strategies Fund by 48.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 41,634 shares of the investment management company’s stock worth $498,000 after purchasing an additional 13,635 shares during the last quarter. GraniteShares Advisors LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund during the 4th quarter worth about $2,707,000. Finally, Shaker Financial Services LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund during the 4th quarter worth about $749,000.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of NYSE:FRA opened at $11.02 on Wednesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1-year low of $10.50 and a 1-year high of $13.41. The business has a 50-day moving average price of $10.99 and a two-hundred day moving average price of $11.52.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.1238 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 13.5%.

About BlackRock Floating Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.

In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.