Wells Fargo & Company MN boosted its holdings in shares of BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) by 53.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,120,616 shares of the investment management company’s stock after purchasing an additional 389,104 shares during the period. Wells Fargo & Company MN owned about 3.01% of BlackRock Floating Rate Income Strat. Fn worth $16,092,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FRA. Eaton Vance Management purchased a new position in shares of BlackRock Floating Rate Income Strat. Fn during the 2nd quarter worth approximately $3,631,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of BlackRock Floating Rate Income Strat. Fn by 209.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 70,653 shares of the investment management company’s stock worth $995,000 after acquiring an additional 47,857 shares during the period. Jaffetilchin Investment Partners LLC purchased a new position in shares of BlackRock Floating Rate Income Strat. Fn during the 3rd quarter worth approximately $739,000. Ameriprise Financial Inc. grew its holdings in shares of BlackRock Floating Rate Income Strat. Fn by 30.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 211,102 shares of the investment management company’s stock worth $2,958,000 after acquiring an additional 48,706 shares during the period. Finally, Mycio Wealth Partners LLC purchased a new position in shares of BlackRock Floating Rate Income Strat. Fn during the 3rd quarter worth approximately $1,097,000.

BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) opened at $13.81 on Friday. BlackRock Floating Rate Income Strat. Fn has a twelve month low of $13.70 and a twelve month high of $14.85.

The company also recently announced a monthly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.061 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 5.30%.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/12/22/blackrock-floating-rate-income-strat-fn-fra-shares-bought-by-wells-fargo-company-mn.html.

About BlackRock Floating Rate Income Strat. Fn

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.

Want to see what other hedge funds are holding FRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Floating Rate Income Strat. Fn (NYSE:FRA).

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

Receive News & Stock Ratings for BlackRock Floating Rate Income Strat. Fn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Floating Rate Income Strat. Fn and related stocks with our FREE daily email newsletter.