BlackRock Floating Rate Income Strategies Fund, Inc. $FRA Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 48.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,112 shares of the investment management company’s stock after selling 137,566 shares during the period. Royal Bank of Canada’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $1,632,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FRA. Greykasell Wealth Strategies Inc. bought a new position in shares of BlackRock Floating Rate Income Strategies Fund during the fourth quarter valued at approximately $39,000. Fifth Third Bancorp acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the first quarter worth $44,000. HighTower Advisors LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at $123,000. Alpine Global Management LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth about $131,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of BlackRock Floating Rate Income Strategies Fund by 8.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,482 shares of the investment management company’s stock valued at $182,000 after purchasing an additional 1,248 shares during the period.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.2%

Shares of FRA stock opened at $10.92 on Wednesday. The stock has a fifty day moving average of $10.87 and a two-hundred day moving average of $11.04. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1 year low of $10.50 and a 1 year high of $13.41.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.1238 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 13.6%.

BlackRock Floating Rate Income Strategies Fund Profile

BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.

In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.