Penserra Capital Management LLC Takes $13.20 Million Position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Penserra Capital Management LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) during the third quarter, Holdings Channel.com reports. The fund purchased 999,625 shares of the investment management company’s stock, valued at approximately $13,195,000.

A number of other institutional investors have also recently made changes to their positions in FRA. B. Riley Wealth Advisors Inc. lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 15.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 17,279 shares of the investment management company’s stock valued at $218,000 after buying an additional 2,255 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 1st quarter valued at $173,000. Objective Capital Management LLC lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 8.9% during the 1st quarter. Objective Capital Management LLC now owns 18,509 shares of the investment management company’s stock valued at $239,000 after buying an additional 1,520 shares during the last quarter. Congress Park Capital LLC lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 33.3% during the 2nd quarter. Congress Park Capital LLC now owns 217,985 shares of the investment management company’s stock valued at $2,821,000 after buying an additional 54,466 shares during the last quarter. Finally, Andrew Hill Investment Advisors Inc. lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 5.0% during the 2nd quarter. Andrew Hill Investment Advisors Inc. now owns 37,495 shares of the investment management company’s stock valued at $485,000 after buying an additional 1,786 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.2 %

Shares of NYSE FRA opened at $13.92 on Friday. BlackRock Floating Rate Income Strategies Fund, Inc. has a one year low of $11.90 and a one year high of $14.22. The business’s fifty day moving average price is $13.64 and its 200-day moving average price is $13.30.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.1238 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.49 dividend on an annualized basis and a yield of 10.68%.

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.