BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,341 shares of the investment management company’s stock after acquiring an additional 2,692 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Relative Value Partners Group LLC boosted its holdings in BlackRock Floating Rate Income Strategies Fund by 3.3% in the second quarter. Relative Value Partners Group LLC now owns 1,739,449 shares of the investment management company’s stock valued at $23,048,000 after acquiring an additional 55,057 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in BlackRock Floating Rate Income Strategies Fund by 17.1% in the second quarter. Parametric Portfolio Associates LLC now owns 765,258 shares of the investment management company’s stock valued at $10,140,000 after acquiring an additional 111,769 shares during the last quarter. Rivernorth Capital Management LLC boosted its holdings in BlackRock Floating Rate Income Strategies Fund by 8.2% in the second quarter. Rivernorth Capital Management LLC now owns 657,990 shares of the investment management company’s stock valued at $8,718,000 after acquiring an additional 49,597 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in BlackRock Floating Rate Income Strategies Fund by 9.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 222,965 shares of the investment management company’s stock valued at $2,979,000 after acquiring an additional 19,953 shares during the last quarter. Finally, Next Capital Management LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund in the third quarter valued at $2,091,000.

Shares of BlackRock Floating Rate Income Strategies Fund stock opened at $13.80 on Friday. BlackRock Floating Rate Income Strategies Fund, Inc. has a twelve month low of $12.39 and a twelve month high of $13.82. The business’s fifty day moving average price is $13.50 and its 200 day moving average price is $13.43.

The company also recently announced a monthly dividend, which was paid on Tuesday, January 11th. Investors of record on Friday, December 31st were issued a $0.0667 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date of this dividend was Thursday, December 30th.

About BlackRock Floating Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund, Inc operates as a closed-end investment fund. It intends to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting of floating rate debt securities and instruments.

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Institutional Ownership by Quarter for BlackRock Floating Rate Income Strategies Fund (NYSE:FRA)

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