Kades & Cheifetz LLC Sells 5,605 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Kades & Cheifetz LLC trimmed its position in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 7.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 68,176 shares of the investment management company’s stock after selling 5,605 shares during the quarter. Kades & Cheifetz LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Advisors LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund in the 3rd quarter worth about $140,000. Eastern Bank bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter worth 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 approximately $206,000. EP Wealth Advisors LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund during the third quarter valued at approximately $276,000. Finally, Klingman & Associates LLC lifted its position in 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 valued at $364,000 after purchasing an additional 761 shares during the period.

BlackRock Floating Rate Income Strategies Fund Trading Down 0.5 %

NYSE:FRA traded down $0.06 during trading hours on Monday, reaching $13.17. The company had a trading volume of 343,390 shares, compared to its average volume of 247,280. The firm’s 50 day moving average price is $13.97 and its 200-day moving average price is $13.51. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52 week low of $12.16 and a 52 week high of $14.50.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.1238 dividend. This represents a $1.49 annualized dividend and a dividend yield of 11.28%. The ex-dividend date is Wednesday, January 15th.

BlackRock Floating Rate Income Strategies Fund Company 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.