Future Financial Wealth Managment LLC Sells 16,874 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Future Financial Wealth Managment LLC lessened its position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 35.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 30,520 shares of the investment management company’s stock after selling 16,874 shares during the period. Future Financial Wealth Managment LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

BlackRock Floating Rate Income Strategies Fund Price Performance

BlackRock Floating Rate Income Strategies Fund stock traded down $0.06 during mid-day trading on Monday, reaching $13.17. The company had a trading volume of 335,610 shares, compared to its average volume of 247,280. The company has a 50 day moving average of $13.97 and a 200-day moving average of $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 Announces Dividend

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