BlackRock Floating Rate Income Strategies Fund, Inc. $FRA Shares Purchased by Byrne Asset Management LLC

Byrne Asset Management LLC boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 21,066.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,250 shares of the investment management company’s stock after buying an additional 94,800 shares during the period. Byrne Asset Management LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $1,122,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the third quarter worth about $27,000. Envestnet Asset Management Inc. grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 5.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,585 shares of the investment management company’s stock valued at $231,000 after buying an additional 837 shares during the period. Verus Capital Partners LLC increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 20.0% during the 3rd quarter. Verus Capital Partners LLC now owns 18,000 shares of the investment management company’s stock worth $234,000 after buying an additional 3,000 shares during the last quarter. Insigneo Advisory Services LLC increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 59.9% during the 2nd quarter. Insigneo Advisory Services LLC now owns 18,050 shares of the investment management company’s stock worth $237,000 after buying an additional 6,763 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the 2nd quarter valued at approximately $244,000.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.1%

FRA opened at $10.85 on Thursday. BlackRock Floating Rate Income Strategies Fund, Inc. has a one year low of $10.57 and a one year high of $13.41. The business’s 50 day moving average price is $11.42 and its 200 day moving average price is $12.01.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.1238 dividend. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date is Monday, June 15th.

BlackRock Floating Rate Income Strategies Fund Company Profile

BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.

In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.