BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Stake Lowered by Melfa Wealth Management Inc.

Melfa Wealth Management Inc. decreased its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 20.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,627 shares of the investment management company’s stock after selling 10,804 shares during the period. Melfa Wealth Management Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Advisors LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund in the third quarter valued at $140,000. Eastern Bank acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter worth about $145,000. Objective Capital Management LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund in the 3rd quarter valued at about $206,000. EP Wealth Advisors LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund during the 3rd quarter valued at about $276,000. Finally, Klingman & Associates LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 2.8% in the 3rd quarter. Klingman & Associates LLC now owns 27,547 shares of the investment management company’s stock worth $364,000 after purchasing an additional 761 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.1 %

Shares of NYSE FRA opened at $13.06 on Wednesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12-month low of $12.16 and a 12-month high of $14.50. The stock has a 50 day simple moving average of $13.84 and a 200-day simple moving average of $13.51.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.1238 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 11.38%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.