Wealth Enhancement Advisory Services LLC Makes New Investment in BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

Wealth Enhancement Advisory Services LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 18,904 shares of the investment management company’s stock, valued at approximately $250,000.

Several other institutional investors have also made changes to their positions in FRA. Insigneo Advisory Services LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the 1st quarter valued at about $146,000. OneDigital Investment Advisors LLC bought a new position in BlackRock Floating Rate Income Strategies Fund during the 1st quarter valued at about $147,000. Realta Investment Advisors lifted its holdings in BlackRock Floating Rate Income Strategies Fund by 145.5% during the 1st quarter. Realta Investment Advisors now owns 29,612 shares of the investment management company’s stock valued at $383,000 after purchasing an additional 17,549 shares during the last quarter. Whitener Capital Management Inc. lifted its holdings in BlackRock Floating Rate Income Strategies Fund by 22.4% during the 1st quarter. Whitener Capital Management Inc. now owns 36,949 shares of the investment management company’s stock valued at $477,000 after purchasing an additional 6,753 shares during the last quarter. Finally, Klingman & Associates LLC lifted its holdings in BlackRock Floating Rate Income Strategies Fund by 2.9% during the 1st quarter. Klingman & Associates LLC now owns 42,540 shares of the investment management company’s stock valued at $550,000 after purchasing an additional 1,198 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of FRA stock opened at $12.93 on Friday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12-month low of $10.90 and a 12-month high of $14.50. The firm has a 50-day moving average price of $13.16 and a 200 day moving average price of $12.87.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.1238 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 11.5%.

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.