Wells Fargo & Company MN lessened its holdings in shares of BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) by 19.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 731,512 shares of the investment management company’s stock after selling 172,592 shares during the period. Wells Fargo & Company MN owned approximately 1.96% of BlackRock Floating Rate Income Strat. Fn worth $10,299,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Eaton Vance Management acquired a new position in shares of BlackRock Floating Rate Income Strat. Fn in the 2nd quarter valued at approximately $3,631,000. Flagship Harbor Advisors LLC increased its stake in BlackRock Floating Rate Income Strat. Fn by 5.9% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 18,155 shares of the investment management company’s stock worth $258,000 after purchasing an additional 1,011 shares in the last quarter. Usca Ria LLC raised its holdings in BlackRock Floating Rate Income Strat. Fn by 1.5% during the 2nd quarter. Usca Ria LLC now owns 82,652 shares of the investment management company’s stock worth $1,164,000 after buying an additional 1,260 shares during the period. ProVise Management Group LLC raised its holdings in BlackRock Floating Rate Income Strat. Fn by 31.1% during the 2nd quarter. ProVise Management Group LLC now owns 132,252 shares of the investment management company’s stock worth $1,862,000 after buying an additional 31,405 shares during the period. Finally, Apriem Advisors raised its holdings in BlackRock Floating Rate Income Strat. Fn by 41.5% during the 2nd quarter. Apriem Advisors now owns 61,250 shares of the investment management company’s stock worth $862,000 after buying an additional 17,950 shares during the period.

Shares of BlackRock Floating Rate Income Strat. Fn (NYSE FRA) opened at 14.37 on Wednesday. The firm’s 50-day moving average is $14.08 and its 200 day moving average is $14.23. BlackRock Floating Rate Income Strat. Fn has a one year low of $13.36 and a one year high of $14.85.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be paid a $0.061 dividend. This represents a $0.73 annualized dividend and a yield of 5.09%. The ex-dividend date is Friday, October 13th.

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BlackRock Floating Rate Income Strat. Fn Profile

BlackRock Floating Rate Income Strategies Fund, Inc is a diversified, closed-end management investment company. The Fund’s investment objective is to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments.

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Institutional Ownership by Quarter for BlackRock Floating Rate Income Strat. Fn (NYSE:FRA)

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