Janney Montgomery Scott LLC Has $1.02 Million Stock Position in BlackRock Floating Rate Income SFI (NYSE:FRA)

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Janney Montgomery Scott LLC trimmed its position in BlackRock Floating Rate Income SFI (NYSE:FRA) by 16.4% in the third quarter, Holdings Channel.com reports. The firm owned 81,077 shares of the investment management company’s stock after selling 15,959 shares during the period. Janney Montgomery Scott LLC’s holdings in BlackRock Floating Rate Income SFI were worth $1,023,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. LPL Financial LLC raised its position in shares of BlackRock Floating Rate Income SFI by 6.9% during the 2nd quarter. LPL Financial LLC now owns 16,985 shares of the investment management company’s stock worth $218,000 after purchasing an additional 1,091 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in BlackRock Floating Rate Income SFI by 1.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 79,585 shares of the investment management company’s stock worth $1,004,000 after buying an additional 1,184 shares in the last quarter. Summit Financial Wealth Advisors LLC raised its holdings in shares of BlackRock Floating Rate Income SFI by 10.2% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 13,506 shares of the investment management company’s stock valued at $173,000 after purchasing an additional 1,250 shares in the last quarter. Coastline Trust Co grew its position in shares of BlackRock Floating Rate Income SFI by 2.7% in the 3rd quarter. Coastline Trust Co now owns 53,850 shares of the investment management company’s stock valued at $680,000 after buying an additional 1,440 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of BlackRock Floating Rate Income SFI by 15.0% in the 2nd quarter. HighTower Advisors LLC now owns 15,901 shares of the investment management company’s stock valued at $204,000 after buying an additional 2,075 shares during the last quarter.

A number of research analysts recently commented on FRA shares. HSBC reaffirmed a “buy” rating and issued a $83.00 target price on shares of BlackRock Floating Rate Income SFI in a research report on Friday, October 18th. Deutsche Bank reissued a “buy” rating and set a $82.00 price objective on shares of BlackRock Floating Rate Income SFI in a research report on Saturday, November 2nd. Finally, UBS Group reaffirmed a “buy” rating and issued a $90.00 target price on shares of BlackRock Floating Rate Income SFI in a report on Saturday, November 2nd.

Shares of FRA opened at $12.79 on Friday. The company has a 50-day moving average of $12.63 and a two-hundred day moving average of $12.73. BlackRock Floating Rate Income SFI has a 12-month low of $11.63 and a 12-month high of $13.14.

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.079 per share. This represents a $0.95 dividend on an annualized basis and a yield of 7.41%. The ex-dividend date of this dividend is Thursday, November 14th.

About BlackRock Floating Rate Income SFI

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.

Further Reading: What is the Beige Book?

Want to see what other hedge funds are holding FRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Floating Rate Income SFI (NYSE:FRA).

Institutional Ownership by Quarter for BlackRock Floating Rate Income SFI (NYSE:FRA)

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