BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) Share Price Crosses Below 200 Day Moving Average – What’s Next?

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.65 and traded as low as $12.05. BlackRock Floating Rate Income Strategies Fund shares last traded at $12.1850, with a volume of 317,120 shares.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.5%

The company has a 50 day simple moving average of $11.89 and a 200-day simple moving average of $12.65.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.1238 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 12.2%.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

Large investors have recently made changes to their positions in the company. Guggenheim Capital LLC raised its stake in BlackRock Floating Rate Income Strategies Fund by 13.2% during the 2nd quarter. Guggenheim Capital LLC now owns 1,444,837 shares of the investment management company’s stock worth $18,985,000 after buying an additional 168,986 shares during the period. Raymond James Financial Inc. increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 42.4% during the third quarter. Raymond James Financial Inc. now owns 323,357 shares of the investment management company’s stock valued at $4,197,000 after acquiring an additional 96,273 shares in the last quarter. Byrne Asset Management LLC raised its position in shares of BlackRock Floating Rate Income Strategies Fund by 21,066.7% during the fourth quarter. Byrne Asset Management LLC now owns 95,250 shares of the investment management company’s stock worth $1,122,000 after purchasing an additional 94,800 shares during the period. Royal Bank of Canada lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 79.9% in the 1st quarter. Royal Bank of Canada now owns 165,544 shares of the investment management company’s stock worth $2,139,000 after purchasing an additional 73,518 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in BlackRock Floating Rate Income Strategies Fund by 146.1% in the 2nd quarter. Cetera Investment Advisers now owns 106,965 shares of the investment management company’s stock valued at $1,406,000 after purchasing an additional 63,507 shares during the period.

About BlackRock Floating Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.

In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.