Truist Financial Corp Cuts Position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Truist Financial Corp lessened its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 347,567 shares of the investment management company’s stock after selling 23,226 shares during the quarter. Truist Financial Corp’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $4,400,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Andrew Hill Investment Advisors Inc. purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at about $457,000. Avior Wealth Management LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at about $152,000. Kades & Cheifetz LLC increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 12.7% in the 4th quarter. Kades & Cheifetz LLC now owns 68,345 shares of the investment management company’s stock valued at $865,000 after purchasing an additional 7,686 shares in the last quarter. Graypoint LLC increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 3.0% in the 4th quarter. Graypoint LLC now owns 167,664 shares of the investment management company’s stock valued at $2,123,000 after purchasing an additional 4,896 shares in the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at about $131,000.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of NYSE FRA opened at $13.12 on Monday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52 week low of $11.43 and a 52 week high of $13.22. The company’s 50-day moving average price is $12.95 and its 200 day moving average price is $12.52.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.1238 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.49 dividend on an annualized basis and a 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.