Graypoint LLC Purchases 4,931 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Graypoint LLC lifted its position in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 187,556 shares of the investment management company’s stock after purchasing an additional 4,931 shares during the quarter. Graypoint LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $2,579,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Klingman & Associates LLC boosted its stake in BlackRock Floating Rate Income Strategies Fund by 2.8% during 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 in the last quarter. Kades & Cheifetz LLC boosted its stake in BlackRock Floating Rate Income Strategies Fund by 1.3% in the 3rd quarter. Kades & Cheifetz LLC now owns 73,781 shares of the investment management company’s stock worth $974,000 after purchasing an additional 929 shares in the last quarter. Whitener Capital Management Inc. increased its stake in 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 purchasing an additional 1,236 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in BlackRock Floating Rate Income Strategies Fund by 1.3% in the second quarter. Commonwealth Equity Services LLC now owns 166,569 shares of the investment management company’s stock worth $2,155,000 after buying an additional 2,072 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 3.4% in the third quarter. Rockefeller Capital Management L.P. now owns 143,645 shares of the investment management company’s stock worth $1,896,000 after buying an additional 4,668 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Trading Down 1.2 %

NYSE:FRA traded down $0.16 during trading hours on Friday, reaching $13.28. The company had a trading volume of 305,949 shares, compared to its average volume of 233,092. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52 week low of $12.15 and a 52 week high of $14.50. The firm’s 50 day moving average price is $13.98 and its 200-day moving average price is $13.51.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.1238 per share. This represents a $1.49 annualized dividend and a yield of 11.19%. 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.