BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lowered its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Rating) by 71.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,584 shares of the investment management company’s stock after selling 149,154 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $660,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 2.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 89,313 shares of the investment management company’s stock worth $1,163,000 after buying an additional 2,472 shares during the period. Cetera Advisor Networks LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 4.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 22,639 shares of the investment management company’s stock valued at $295,000 after acquiring an additional 1,024 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in BlackRock Floating Rate Income Strategies Fund by 21.2% during the first quarter. PNC Financial Services Group Inc. now owns 64,217 shares of the investment management company’s stock worth $836,000 after purchasing an additional 11,232 shares during the period. Baird Financial Group Inc. lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 4.9% during the first quarter. Baird Financial Group Inc. now owns 168,021 shares of the investment management company’s stock worth $2,188,000 after purchasing an additional 7,775 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 0.8% in the first quarter. UBS Group AG now owns 179,306 shares of the investment management company’s stock valued at $2,335,000 after purchasing an additional 1,416 shares during the period.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of FRA opened at $11.57 on Wednesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $12.79. The firm’s 50 day moving average price is $11.66 and its 200 day moving average price is $11.68.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be given a dividend of $0.1116 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 11.57%. The ex-dividend date is Friday, May 12th.

About BlackRock Floating Rate Income Strategies Fund

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BlackRock Floating Rate Income Strategies Fund, Inc operates as a closed-end investment fund. It intends to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting of floating rate debt securities and instruments.