Gridiron Partners LLC Has $127,000 Stock Position in BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

Gridiron Partners LLC lessened its holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 97.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,807 shares of the investment management company’s stock after selling 478,310 shares during the period. Gridiron Partners LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $127,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its holdings in 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 valued at $231,000 after buying an additional 837 shares in the last quarter. Klingman & Associates LLC boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 2.8% during the 3rd quarter. Klingman & Associates LLC now owns 45,048 shares of the investment management company’s stock worth $585,000 after acquiring an additional 1,248 shares in the last quarter. Wagner Wealth Management LLC boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 2.8% during the 3rd quarter. Wagner Wealth Management LLC now owns 64,970 shares of the investment management company’s stock worth $843,000 after acquiring an additional 1,743 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 3rd quarter valued at about $27,000. Finally, Whitener Capital Management Inc. increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 5.9% during the 3rd quarter. Whitener Capital Management Inc. now owns 40,179 shares of the investment management company’s stock valued at $522,000 after acquiring an additional 2,230 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Performance

FRA opened at $10.85 on Friday. BlackRock Floating Rate Income Strategies Fund, Inc. has a twelve month low of $10.57 and a twelve month high of $13.41. The business has a 50 day moving average price of $11.50 and a 200 day moving average price of $12.06.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

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

BlackRock Floating Rate Income Strategies Fund Company 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.