Invesco Ltd. Decreases Position in BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

Invesco Ltd. cut its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 10.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 418,547 shares of the investment management company’s stock after selling 50,196 shares during the quarter. Invesco Ltd.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $5,408,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Comerica Bank lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 140.0% in the fourth quarter. Comerica Bank now owns 6,853 shares of the investment management company’s stock valued at $94,000 after acquiring an additional 3,998 shares in the last quarter. NBC Securities Inc. lifted its holdings in BlackRock Floating Rate Income Strategies Fund by 108,525.0% in the 1st quarter. NBC Securities Inc. now owns 8,690 shares of the investment management company’s stock valued at $112,000 after purchasing an additional 8,682 shares in the last quarter. Jane Street Group LLC purchased a new position in BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at $144,000. Insigneo Advisory Services LLC purchased a new position in BlackRock Floating Rate Income Strategies Fund in the 1st quarter valued at $146,000. Finally, CoreCap Advisors LLC lifted its holdings in BlackRock Floating Rate Income Strategies Fund by 29.5% in the 4th quarter. CoreCap Advisors LLC now owns 10,710 shares of the investment management company’s stock valued at $147,000 after purchasing an additional 2,437 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of FRA stock opened at $13.29 on Thursday. The stock’s fifty day moving average is $13.17 and its two-hundred day moving average is $12.84. BlackRock Floating Rate Income Strategies Fund, Inc. has a fifty-two week low of $10.90 and a fifty-two week high of $14.50.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.1238 dividend. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, August 15th.

BlackRock Floating Rate Income Strategies Fund Profile

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.