BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Shares Bought by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. raised its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 41.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,754 shares of the investment management company’s stock after purchasing an additional 42,693 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $2,004,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Marathon Strategic Advisors LLC boosted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 3.3% in the 4th quarter. Marathon Strategic Advisors LLC now owns 248,675 shares of the investment management company’s stock valued at $3,419,000 after purchasing an additional 7,877 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of BlackRock Floating Rate Income Strategies Fund by 3.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 143,645 shares of the investment management company’s stock valued at $1,896,000 after acquiring an additional 4,668 shares during the period. Graypoint LLC raised its stake in shares of BlackRock Floating Rate Income Strategies Fund by 2.7% in the 4th quarter. Graypoint LLC now owns 187,556 shares of the investment management company’s stock valued at $2,579,000 after acquiring an additional 4,931 shares during the period. Klingman & Associates LLC raised its stake in shares of BlackRock Floating Rate Income Strategies Fund by 50.1% in the 4th quarter. Klingman & Associates LLC now owns 41,342 shares of the investment management company’s stock valued at $568,000 after acquiring an additional 13,795 shares during the period. Finally, Realta Investment Advisors purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at $162,000.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of FRA stock opened at $12.79 on Monday. The company’s fifty day simple moving average is $13.07 and its 200-day simple moving average is $13.47. 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 Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.1238 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 11.62%. The ex-dividend date of this dividend is Friday, March 14th.

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.