Cetera Investment Advisers Buys 63,507 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

Cetera Investment Advisers lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 146.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,965 shares of the investment management company’s stock after buying an additional 63,507 shares during the period. Cetera Investment Advisers’ holdings in BlackRock Floating Rate Income Strategies Fund were worth $1,406,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund in the 2nd quarter worth about $250,000. Allworth Financial LP bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the second quarter worth about $250,000. Future Financial Wealth Managment LLC grew its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 4.3% during the second quarter. Future Financial Wealth Managment LLC now owns 34,357 shares of the investment management company’s stock worth $451,000 after purchasing an additional 1,403 shares during the last quarter. Whitener Capital Management Inc. increased its stake in shares of BlackRock Floating Rate Income Strategies Fund by 2.7% in the second quarter. Whitener Capital Management Inc. now owns 37,949 shares of the investment management company’s stock valued at $499,000 after buying an additional 1,000 shares during the period. Finally, Klingman & Associates LLC raised its holdings in BlackRock Floating Rate Income Strategies Fund by 3.0% in the 2nd quarter. Klingman & Associates LLC now owns 43,800 shares of the investment management company’s stock valued at $576,000 after buying an additional 1,260 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Trading Down 1.7%

NYSE:FRA opened at $11.73 on Tuesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a one year low of $10.90 and a one year high of $14.50. The firm’s 50 day simple moving average is $12.49 and its 200 day simple moving average is $12.87.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a dividend of $0.1238 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date was Friday, November 14th.

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.