BlackRock Floating Rate Income Strategies Fund, Inc. $FRA Shares Bought by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 59.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,050 shares of the investment management company’s stock after purchasing an additional 6,763 shares during the period. Insigneo Advisory Services LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $237,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund in the second quarter worth $133,000. Envestnet Asset Management Inc. raised its stake in BlackRock Floating Rate Income Strategies Fund by 5.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,585 shares of the investment management company’s stock worth $231,000 after acquiring an additional 837 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 2nd quarter worth about $250,000. Allworth Financial LP purchased a new stake in BlackRock Floating Rate Income Strategies Fund during the 2nd quarter valued at about $250,000. Finally, Future Financial Wealth Managment LLC grew its stake in BlackRock Floating Rate Income Strategies Fund by 4.3% during the 2nd quarter. Future Financial Wealth Managment LLC now owns 34,357 shares of the investment management company’s stock valued at $451,000 after purchasing an additional 1,403 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of NYSE:FRA opened at $11.93 on Thursday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52-week low of $10.90 and a 52-week high of $14.50. The business has a 50-day moving average price of $12.57 and a 200-day moving average price of $12.88.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a dividend of $0.1238 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 12.5%.

BlackRock Floating Rate Income Strategies Fund Company 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.