Waterfront Wealth Inc. Cuts Stock Holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Waterfront Wealth Inc. trimmed its holdings in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 37,344 shares of the investment management company’s stock after selling 1,440 shares during the period. Waterfront Wealth Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $473,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Avior Wealth Management LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund during the fourth quarter valued at about $152,000. Kades & Cheifetz LLC boosted its position in BlackRock Floating Rate Income Strategies Fund by 12.7% during the fourth quarter. Kades & Cheifetz LLC now owns 68,345 shares of the investment management company’s stock valued at $865,000 after buying an additional 7,686 shares during the period. Graypoint LLC boosted its position in BlackRock Floating Rate Income Strategies Fund by 3.0% during the fourth quarter. Graypoint LLC now owns 167,664 shares of the investment management company’s stock valued at $2,123,000 after buying an additional 4,896 shares during the period. Koshinski Asset Management Inc. purchased a new stake in BlackRock Floating Rate Income Strategies Fund during the fourth quarter valued at about $131,000. Finally, International Assets Investment Management LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund during the fourth quarter valued at about $9,720,000.

BlackRock Floating Rate Income Strategies Fund Stock Performance

NYSE FRA traded up $0.05 during trading on Thursday, hitting $12.89. 29,210 shares of the company’s stock traded hands, compared to its average volume of 162,029. The stock has a fifty day moving average of $12.88 and a two-hundred day moving average of $12.47. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12-month low of $11.43 and a 12-month high of $13.22.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.1238 per share. The ex-dividend date is Friday, April 12th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 11.53%.

BlackRock Floating Rate Income Strategies Fund Profile

BlackRock Floating Rate Income Strategies Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.