10,600 Shares in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Acquired by Cornerstone Advisors LLC

Cornerstone Advisors LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) in the third quarter, HoldingsChannel reports. The institutional investor bought 10,600 shares of the investment management company’s stock, valued at approximately $140,000.

Other institutional investors have also added to or reduced their stakes in the company. Eastern Bank bought a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 3rd quarter valued at approximately $145,000. Virtu Financial LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund in the first quarter worth approximately $173,000. Objective Capital Management LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter worth $206,000. B. Riley Wealth Advisors Inc. raised 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 purchasing an additional 2,255 shares during the period. Finally, Klingman & Associates LLC lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 2.9% during the 2nd quarter. Klingman & Associates LLC now owns 26,786 shares of the investment management company’s stock valued at $347,000 after buying an additional 753 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Price Performance

NYSE:FRA opened at $13.88 on Friday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52 week low of $11.89 and a 52 week high of $14.22. The business’s 50-day simple moving average is $13.61 and its two-hundred day simple moving average is $13.29.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.1238 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.49 annualized dividend and a yield of 10.71%.

About BlackRock Floating Rate Income Strategies Fund

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.