BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Stake Boosted by Comerica Bank

Comerica Bank lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 140.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,853 shares of the investment management company’s stock after buying an additional 3,998 shares during the period. Comerica Bank’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $94,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Guggenheim Capital LLC raised its position in shares of BlackRock Floating Rate Income Strategies Fund by 37.8% during the fourth quarter. Guggenheim Capital LLC now owns 1,101,323 shares of the investment management company’s stock worth $15,143,000 after purchasing an additional 302,183 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 5.1% during the 4th quarter. Advisors Asset Management Inc. now owns 381,331 shares of the investment management company’s stock worth $5,243,000 after acquiring an additional 18,401 shares in the last quarter. Marathon Strategic Advisors LLC boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 3.3% during the 4th quarter. Marathon Strategic Advisors LLC now owns 248,675 shares of the investment management company’s stock worth $3,419,000 after acquiring an additional 7,877 shares in the last quarter. TT Capital Management LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the 4th quarter worth about $2,493,000. Finally, Commonwealth Equity Services LLC boosted its stake in BlackRock Floating Rate Income Strategies Fund by 3.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 165,876 shares of the investment management company’s stock valued at $2,281,000 after purchasing an additional 4,836 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Down 0.5%

BlackRock Floating Rate Income Strategies Fund stock opened at $12.62 on Monday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12 month low of $10.90 and a 12 month high of $14.50. The business has a 50 day moving average price of $12.46 and a two-hundred day moving average price of $13.17.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.1238 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.49 annualized dividend and a yield of 11.78%.

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.