Byrne Asset Management LLC Boosts Stock Position in BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

Byrne Asset Management LLC lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 21,066.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,250 shares of the investment management company’s stock after buying an additional 94,800 shares during the quarter. Byrne Asset Management LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $1,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in BlackRock Floating Rate Income Strategies Fund by 79.9% during the first quarter. Royal Bank of Canada now owns 165,544 shares of the investment management company’s stock valued at $2,139,000 after purchasing an additional 73,518 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of BlackRock Floating Rate Income Strategies Fund by 5.0% during the second quarter. Envestnet Asset Management Inc. now owns 17,585 shares of the investment management company’s stock worth $231,000 after purchasing an additional 837 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of BlackRock Floating Rate Income Strategies Fund by 146.1% during the second quarter. Cetera Investment Advisers now owns 106,965 shares of the investment management company’s stock worth $1,406,000 after purchasing an additional 63,507 shares in the last quarter. Insigneo Advisory Services LLC raised its position in shares of BlackRock Floating Rate Income Strategies Fund by 59.9% during the 2nd quarter. Insigneo Advisory Services LLC now owns 18,050 shares of the investment management company’s stock worth $237,000 after purchasing an additional 6,763 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of 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 purchasing an additional 168,986 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.1%

Shares of BlackRock Floating Rate Income Strategies Fund stock opened at $10.85 on Thursday. BlackRock Floating Rate Income Strategies Fund, Inc. has a twelve month low of $10.57 and a twelve month high of $13.41. The firm’s 50-day moving average price is $11.42 and its 200 day moving average price is $12.01.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.1238 dividend. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Floating Rate Income Strategies Fund Profile

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.