International Assets Investment Management LLC Invests $9.72 Million in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

International Assets Investment Management LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) during the fourth quarter, HoldingsChannel reports. The firm acquired 76,783 shares of the investment management company’s stock, valued at approximately $9,720,000.

A number of other large investors have also modified their holdings of FRA. Gradient Investments LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in BlackRock Floating Rate Income Strategies Fund in the fourth quarter worth about $25,000. Anchor Investment Management LLC bought a new position in BlackRock Floating Rate Income Strategies Fund during the fourth quarter worth about $49,000. NBC Securities Inc. acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the third quarter valued at approximately $109,000. Finally, Financial Advocates Investment Management bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter valued at approximately $138,000.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of FRA opened at $13.12 on Monday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1 year low of $11.43 and a 1 year high of $13.22. The stock has a 50 day simple moving average of $12.95 and a 200-day simple moving average of $12.52.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.1238 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 11.33%.

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.