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

Kades & Cheifetz LLC cut its holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 7.6% during the 4th quarter, Holdings Channel reports. The fund owned 68,176 shares of the investment management company’s stock after selling 5,605 shares during the period. Kades & Cheifetz LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $937,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Future Financial Wealth Managment LLC lifted its position in BlackRock Floating Rate Income Strategies Fund by 29.5% during the third quarter. Future Financial Wealth Managment LLC now owns 47,394 shares of the investment management company’s stock valued at $626,000 after purchasing an additional 10,788 shares in the last quarter. Eastern Bank bought a new position in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter worth about $145,000. International Assets Investment Management LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 3rd quarter valued at about $18,990,000. Whitener Capital Management Inc. grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 4.4% during the 3rd quarter. Whitener Capital Management Inc. now owns 29,186 shares of the investment management company’s stock valued at $385,000 after acquiring an additional 1,236 shares during the period. Finally, Graypoint LLC increased its holdings in BlackRock Floating Rate Income Strategies Fund by 2.8% in the 3rd quarter. Graypoint LLC now owns 182,625 shares of the investment management company’s stock worth $2,411,000 after acquiring an additional 5,037 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Price Performance

NYSE:FRA traded down $0.06 during trading hours on Monday, hitting $13.17. 343,390 shares of the stock traded hands, compared to its average volume of 247,280. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1 year low of $12.16 and a 1 year high of $14.50. The stock has a 50 day moving average price of $13.97 and a 200 day moving average price of $13.51.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

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 paid a dividend of $0.1238 per share. This represents a $1.49 dividend on an annualized basis and a dividend 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.