BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Stock Position Reduced by Visionary Horizons LLC

Visionary Horizons LLC cut its stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 7.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,200 shares of the investment management company’s stock after selling 2,620 shares during the period. Visionary Horizons LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $429,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FRA. Eastern Bank purchased a new position in BlackRock Floating Rate Income Strategies Fund during the third quarter valued at approximately $145,000. International Assets Investment Management LLC purchased a new position in BlackRock Floating Rate Income Strategies Fund during the third quarter valued at approximately $18,990,000. Whitener Capital Management Inc. grew its position in BlackRock Floating Rate Income Strategies Fund by 4.4% during the third quarter. Whitener Capital Management Inc. now owns 29,186 shares of the investment management company’s stock valued at $385,000 after purchasing an additional 1,236 shares in the last quarter. Graypoint LLC lifted its stake in BlackRock Floating Rate Income Strategies Fund by 2.8% in the third quarter. Graypoint LLC now owns 182,625 shares of the investment management company’s stock valued at $2,411,000 after acquiring an additional 5,037 shares during the last quarter. Finally, Klingman & Associates LLC lifted its stake in 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 valued at $364,000 after acquiring an additional 761 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Trading Down 0.1 %

NYSE FRA opened at $12.98 on Friday. The company has a 50 day moving average price of $13.60 and a two-hundred day moving average price of $13.48. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12-month low of $12.16 and a 12-month 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 Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.1238 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 11.45%. The ex-dividend date of this dividend is Friday, February 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.