RBA Wealth Management LLC Sells 1,047 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

RBA Wealth Management LLC decreased its position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 7.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 12,517 shares of the investment management company’s stock after selling 1,047 shares during the quarter. RBA Wealth Management LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $162,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 4.7% in the 3rd quarter. Invesco Ltd. now owns 640,728 shares of the investment management company’s stock worth $8,086,000 after acquiring an additional 28,762 shares during the last quarter. Advisors Asset Management Inc. raised its position in BlackRock Floating Rate Income Strategies Fund by 6.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 325,694 shares of the investment management company’s stock worth $4,110,000 after purchasing an additional 18,350 shares during the period. Anchor Investment Management LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund in the fourth quarter worth $49,000. Raymond James & Associates boosted its position in BlackRock Floating Rate Income Strategies Fund by 22.0% during the fourth quarter. Raymond James & Associates now owns 32,404 shares of the investment management company’s stock valued at $410,000 after buying an additional 5,852 shares during the period. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in BlackRock Floating Rate Income Strategies Fund during the fourth quarter valued at about $25,000.

BlackRock Floating Rate Income Strategies Fund Stock Up 1.3 %

Shares of FRA traded up $0.17 during trading hours on Thursday, hitting $13.29. The company had a trading volume of 122,986 shares, compared to its average volume of 149,271. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52-week low of $11.45 and a 52-week high of $13.34. The stock’s 50 day moving average price is $13.10 and its 200 day moving average price is $12.85.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a $0.1238 dividend. The ex-dividend date is Monday, July 15th. This represents a $1.49 dividend on an annualized basis and a yield of 11.18%.

About BlackRock Floating Rate Income Strategies Fund

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.