Graypoint LLC Purchases 4,978 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Graypoint LLC grew its position in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 2.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 177,588 shares of the investment management company’s stock after acquiring an additional 4,978 shares during the period. Graypoint LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $2,298,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. DecisionPoint Financial LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 1st quarter valued at $29,000. Benjamin F. Edwards & Company Inc. purchased a new stake in BlackRock Floating Rate Income Strategies Fund during the fourth quarter valued at about $47,000. Cornerstone Wealth Group LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund during the first quarter valued at about $142,000. Hartline Investment Corp bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 1st quarter valued at about $167,000. Finally, Virtu Financial LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 1st quarter valued at about $173,000.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.6 %

FRA stock traded up $0.08 during trading on Friday, hitting $13.05. 163,374 shares of the company traded hands, compared to its average volume of 160,095. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1 year low of $11.45 and a 1 year high of $13.69. The company has a 50-day moving average of $13.15 and a 200-day moving average of $13.05.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.1238 dividend. This represents a $1.49 annualized dividend and a yield of 11.39%. The ex-dividend date was Thursday, August 15th.

BlackRock Floating Rate Income Strategies Fund 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.