Jones Road Capital Management L.P. Grows Position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Jones Road Capital Management L.P. increased its position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 59.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,254 shares of the investment management company’s stock after acquiring an additional 85,822 shares during the quarter. BlackRock Floating Rate Income Strategies Fund comprises approximately 0.7% of Jones Road Capital Management L.P.’s holdings, making the stock its 19th biggest position. Jones Road Capital Management L.P.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $2,902,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FRA. Wagner Wealth Management LLC lifted its position in BlackRock Floating Rate Income Strategies Fund by 6.4% in the fourth quarter. Wagner Wealth Management LLC now owns 762,535 shares of the investment management company’s stock worth $9,654,000 after buying an additional 45,895 shares during the last quarter. Invesco Ltd. boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 4.7% during the 3rd quarter. Invesco Ltd. now owns 640,728 shares of the investment management company’s stock worth $8,086,000 after purchasing an additional 28,762 shares during the period. Advisors Asset Management Inc. grew its holdings in BlackRock Floating Rate Income Strategies Fund by 6.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 325,694 shares of the investment management company’s stock valued at $4,110,000 after purchasing an additional 18,350 shares during the last quarter. Graypoint LLC lifted its stake in BlackRock Floating Rate Income Strategies Fund by 3.0% in the fourth quarter. Graypoint LLC now owns 167,664 shares of the investment management company’s stock worth $2,123,000 after purchasing an additional 4,896 shares during the last quarter. Finally, Congress Park Capital LLC boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 13.2% during the fourth quarter. Congress Park Capital LLC now owns 126,813 shares of the investment management company’s stock valued at $1,605,000 after buying an additional 14,822 shares during the period.

BlackRock Floating Rate Income Strategies Fund Trading Down 0.5 %

Shares of NYSE FRA traded down $0.07 during midday trading on Tuesday, hitting $13.08. The company’s stock had a trading volume of 66,430 shares, compared to its average volume of 148,223. The business’s 50 day moving average is $13.09 and its two-hundred day moving average is $12.75. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12-month low of $11.45 and a 12-month high of $13.34.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.1238 per share. The ex-dividend date is Friday, June 14th. This represents a $1.49 annualized dividend and a dividend yield of 11.36%.

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.