Raymond James Financial Services Advisors Inc. Has $798,000 Stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Raymond James Financial Services Advisors Inc. trimmed its stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 2.3% during the fourth quarter, HoldingsChannel reports. The fund owned 63,004 shares of the investment management company’s stock after selling 1,470 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $798,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Raymond James & Associates raised its holdings in shares of 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 worth $410,000 after acquiring an additional 5,852 shares during the period. Anchor Investment Management LLC bought a new position in BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at $49,000. Comerica Bank bought a new position in BlackRock Floating Rate Income Strategies Fund in the third quarter valued at $36,000. Ameriprise Financial Inc. grew its position in BlackRock Floating Rate Income Strategies Fund by 18.0% in the third quarter. Ameriprise Financial Inc. now owns 142,931 shares of the investment management company’s stock valued at $1,804,000 after purchasing an additional 21,823 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in BlackRock Floating Rate Income Strategies Fund by 6.0% in the third quarter. Advisors Asset Management Inc. now owns 325,694 shares of the investment management company’s stock valued at $4,110,000 after purchasing an additional 18,350 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.4 %

BlackRock Floating Rate Income Strategies Fund stock opened at $12.83 on Wednesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1-year low of $11.43 and a 1-year high of $13.22. The company has a fifty day simple moving average of $12.88 and a 200 day simple moving average of $12.47.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a $0.1238 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 11.59%. The ex-dividend date of this dividend is Friday, April 12th.

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.