Sterneck Capital Management LLC bought a new stake in BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 102,372 shares of the investment management company’s stock, valued at approximately $1,441,000.

Other hedge funds have also modified their holdings of the company. Shaker Financial Services LLC purchased a new position in shares of BlackRock Floating Rate Income Strat. Fn in the 2nd quarter valued at $233,000. Eaton Vance Management purchased a new position in shares of BlackRock Floating Rate Income Strat. Fn in the 2nd quarter valued at $3,631,000. Usca Ria LLC raised its stake in shares of BlackRock Floating Rate Income Strat. Fn by 1.5% in the 2nd quarter. Usca Ria LLC now owns 82,652 shares of the investment management company’s stock valued at $1,164,000 after acquiring an additional 1,260 shares during the period. Doliver Capital Advisors LP purchased a new position in shares of BlackRock Floating Rate Income Strat. Fn in the 2nd quarter valued at $289,000. Finally, Coastline Trust Co raised its stake in shares of BlackRock Floating Rate Income Strat. Fn by 4.1% in the 2nd quarter. Coastline Trust Co now owns 100,595 shares of the investment management company’s stock valued at $1,416,000 after acquiring an additional 3,960 shares during the period.

Shares of BlackRock Floating Rate Income Strat. Fn (FRA) traded up 0.36% during trading on Friday, hitting $14.26. 29,684 shares of the stock were exchanged. BlackRock Floating Rate Income Strat. Fn has a 12-month low of $13.36 and a 12-month high of $14.85. The stock’s 50 day moving average is $14.12 and its 200-day moving average is $14.21.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be paid a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 5.13%. 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.

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

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