BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Shares Sold by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC trimmed its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 35.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,520 shares of the investment management company’s stock after selling 16,874 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $420,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cornerstone Advisors LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund during the third quarter valued at about $140,000. Eastern Bank purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter valued at approximately $145,000. Objective Capital Management LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund during the third quarter valued at $206,000. EP Wealth Advisors LLC acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter valued at about $276,000. Finally, Klingman & Associates LLC boosted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 2.8% during the third quarter. Klingman & Associates LLC now owns 27,547 shares of the investment management company’s stock worth $364,000 after purchasing an additional 761 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Down 0.5 %

BlackRock Floating Rate Income Strategies Fund stock traded down $0.06 during trading hours on Monday, hitting $13.17. The company had a trading volume of 335,610 shares, compared to its average volume of 247,280. The firm’s fifty day moving average is $13.97 and its 200-day moving average is $13.51. BlackRock Floating Rate Income Strategies Fund, Inc. has a fifty-two week low of $12.16 and a fifty-two week high of $14.50.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.1238 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 11.28%. The ex-dividend date of this dividend is Wednesday, January 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.