Virtus Investment Advisers LLC Sells 16,304 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

Virtus Investment Advisers LLC decreased its holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 20.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,480 shares of the investment management company’s stock after selling 16,304 shares during the period. Virtus Investment Advisers LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund in the second quarter worth $133,000. Envestnet Asset Management Inc. increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 17,585 shares of the investment management company’s stock worth $231,000 after buying an additional 837 shares during the period. Insigneo Advisory Services LLC increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 59.9% in the second quarter. Insigneo Advisory Services LLC now owns 18,050 shares of the investment management company’s stock worth $237,000 after buying an additional 6,763 shares during the period. Allworth Financial LP bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 2nd quarter valued at about $250,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund during the 2nd quarter valued at about $250,000.

BlackRock Floating Rate Income Strategies Fund Stock Performance

FRA opened at $11.93 on Friday. The stock’s 50 day simple moving average is $12.52 and its 200 day simple moving average is $12.87. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1 year low of $10.90 and a 1 year high of $14.50.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a $0.1238 dividend. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend was Friday, November 14th.

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.