Cetera Investment Advisers Has $1.41 Million Stock Holdings in BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

Cetera Investment Advisers increased its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 146.1% during the second quarter, Holdings Channel.com reports. The fund owned 106,965 shares of the investment management company’s stock after buying an additional 63,507 shares during the period. Cetera Investment Advisers’ holdings in BlackRock Floating Rate Income Strategies Fund were worth $1,406,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Guggenheim Capital LLC increased its position in BlackRock Floating Rate Income Strategies Fund by 15.8% during the 1st quarter. Guggenheim Capital LLC now owns 1,275,851 shares of the investment management company’s stock valued at $16,484,000 after purchasing an additional 174,528 shares during the period. Marathon Strategic Advisors LLC boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 9.0% in the 2nd quarter. Marathon Strategic Advisors LLC now owns 280,236 shares of the investment management company’s stock valued at $3,682,000 after purchasing an additional 23,183 shares during the last quarter. Royal Bank of Canada increased its position in shares of BlackRock Floating Rate Income Strategies Fund by 79.9% during the first quarter. Royal Bank of Canada now owns 165,544 shares of the investment management company’s stock worth $2,139,000 after buying an additional 73,518 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC increased its position in shares of BlackRock Floating Rate Income Strategies Fund by 2.9% during the second quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 82,467 shares of the investment management company’s stock worth $1,084,000 after buying an additional 2,315 shares during the period. Finally, Klingman & Associates LLC raised its stake in BlackRock Floating Rate Income Strategies Fund by 3.0% during the second quarter. Klingman & Associates LLC now owns 43,800 shares of the investment management company’s stock worth $576,000 after buying an additional 1,260 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Performance

FRA stock opened at $11.73 on Tuesday. The company’s fifty day simple moving average is $12.49 and its 200 day simple moving average is $12.87. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12-month low of $10.90 and a 12-month high of $14.50.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.1238 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend was Friday, November 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.