Capital Investment Advisors LLC Sells 8,247 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Capital Investment Advisors LLC cut its position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 21.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,910 shares of the investment management company’s stock after selling 8,247 shares during the quarter. Capital Investment Advisors LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $386,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Guggenheim Capital LLC increased its stake in shares of BlackRock Floating Rate Income Strategies Fund by 37.8% in the fourth quarter. Guggenheim Capital LLC now owns 1,101,323 shares of the investment management company’s stock valued at $15,143,000 after buying an additional 302,183 shares during the period. TT Capital Management LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at approximately $2,493,000. Raymond James Financial Inc. acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at approximately $1,957,000. Mercer Global Advisors Inc. ADV increased its position in BlackRock Floating Rate Income Strategies Fund by 574.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 80,422 shares of the investment management company’s stock valued at $1,106,000 after purchasing an additional 68,497 shares during the period. Finally, Bank of America Corp DE raised its holdings in BlackRock Floating Rate Income Strategies Fund by 9.8% during the 4th quarter. Bank of America Corp DE now owns 649,929 shares of the investment management company’s stock worth $8,937,000 after purchasing an additional 58,089 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.5%

NYSE:FRA opened at $12.96 on Thursday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52 week low of $10.90 and a 52 week high of $14.50. The firm’s fifty day moving average is $12.44 and its 200-day moving average is $13.02.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.1238 per share. The ex-dividend date is Friday, June 13th. This represents a $1.49 dividend on an annualized basis and a yield of 11.47%.

BlackRock Floating Rate Income Strategies Fund Company 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.