GraniteShares Advisors LLC Purchases Shares of 229,783 BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

GraniteShares Advisors LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 229,783 shares of the investment management company’s stock, valued at approximately $2,707,000. BlackRock Floating Rate Income Strategies Fund makes up 1.6% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds have also bought and sold shares of the stock. Shaker Financial Services LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at approximately $749,000. CoreCap Advisors LLC raised its stake in BlackRock Floating Rate Income Strategies Fund by 24.2% in the 4th quarter. CoreCap Advisors LLC now owns 7,710 shares of the investment management company’s stock worth $91,000 after acquiring an additional 1,500 shares during the last quarter. Byrne Asset Management LLC raised its stake in BlackRock Floating Rate Income Strategies Fund by 21,066.7% in the 4th quarter. Byrne Asset Management LLC now owns 95,250 shares of the investment management company’s stock worth $1,122,000 after acquiring an additional 94,800 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in BlackRock Floating Rate Income Strategies Fund by 37.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,629 shares of the investment management company’s stock worth $304,000 after acquiring an additional 7,025 shares during the last quarter. Finally, Lido Advisors LLC raised its stake in BlackRock Floating Rate Income Strategies Fund by 31.6% in the 3rd quarter. Lido Advisors LLC now owns 31,473 shares of the investment management company’s stock worth $409,000 after acquiring an additional 7,565 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of FRA stock opened at $11.14 on Tuesday. The business has a fifty day moving average of $11.09 and a 200 day moving average of $11.73. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1 year low of $10.50 and a 1 year high of $13.41.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 13.3%.

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.