Wagner Wealth Management LLC Sells 16,793 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Wagner Wealth Management LLC reduced its holdings in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 20.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 63,507 shares of the investment management company’s stock after selling 16,793 shares during the period. Wagner Wealth Management LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $873,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FRA. Cornerstone Advisors LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the third quarter valued at $140,000. Eastern Bank bought a new position in BlackRock Floating Rate Income Strategies Fund during the third quarter worth about $145,000. Realta Investment Advisors bought a new position in BlackRock Floating Rate Income Strategies Fund during the fourth quarter worth about $162,000. Wealth Effects LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at approximately $166,000. Finally, Objective Capital Management LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter valued at approximately $206,000.

BlackRock Floating Rate Income Strategies Fund Stock Performance

FRA opened at $12.98 on Monday. The stock’s fifty day simple moving average is $13.60 and its 200 day simple moving average is $13.48. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1-year low of $12.16 and a 1-year high of $14.50.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.1238 per share. This represents a $1.49 annualized dividend and a dividend yield of 11.45%. The ex-dividend date is Friday, February 14th.

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.