ProVise Management Group LLC decreased its position in BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 140,424 shares of the investment management company’s stock after selling 3,874 shares during the period. ProVise Management Group LLC’s holdings in BlackRock Floating Rate Income Strat. Fn were worth $1,937,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in BlackRock Floating Rate Income Strat. Fn by 209.9% in 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 purchasing an additional 47,857 shares during the period. Coastline Trust Co boosted its stake in BlackRock Floating Rate Income Strat. Fn by 8.1% in the 4th quarter. Coastline Trust Co now owns 115,290 shares of the investment management company’s stock worth $1,590,000 after purchasing an additional 8,670 shares during the period. Jaffetilchin Investment Partners LLC acquired a new position in BlackRock Floating Rate Income Strat. Fn in the 3rd quarter worth approximately $739,000. Ameriprise Financial Inc. boosted its stake in BlackRock Floating Rate Income Strat. Fn by 30.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 211,102 shares of the investment management company’s stock worth $2,958,000 after purchasing an additional 48,706 shares during the period. Finally, Mycio Wealth Partners LLC acquired a new position in BlackRock Floating Rate Income Strat. Fn in the 3rd quarter worth approximately $1,097,000.

BlackRock Floating Rate Income Strat. Fn (FRA) opened at $14.26 on Wednesday. BlackRock Floating Rate Income Strat. Fn has a 52 week low of $13.70 and a 52 week high of $14.85.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be paid a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date is Wednesday, February 14th.

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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.

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)

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