BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.46 and traded as low as $11.12. BlackRock Floating Rate Income Strategies Fund shares last traded at $11.1350, with a volume of 105,370 shares trading hands.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.3%

The company has a fifty day simple moving average of $11.01 and a two-hundred day simple moving average of $11.46.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.1238 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 13.3%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Arax Advisory Partners raised its holdings in BlackRock Floating Rate Income Strategies Fund by 3.1% in the 4th quarter. Arax Advisory Partners now owns 29,664 shares of the investment management company’s stock valued at $349,000 after acquiring an additional 898 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in BlackRock Floating Rate Income Strategies Fund by 8.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,482 shares of the investment management company’s stock valued at $182,000 after acquiring an additional 1,248 shares during the last quarter. Klingman & Associates LLC raised its holdings in BlackRock Floating Rate Income Strategies Fund by 3.1% in the 4th quarter. Klingman & Associates LLC now owns 46,456 shares of the investment management company’s stock valued at $547,000 after acquiring an additional 1,408 shares during the last quarter. CoreCap Advisors LLC raised its holdings in BlackRock Floating Rate Income Strategies Fund by 24.2% in the 4th quarter. CoreCap Advisors LLC now owns 7,710 shares of the investment management company’s stock valued at $91,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Wagner Wealth Management LLC raised its holdings in BlackRock Floating Rate Income Strategies Fund by 3.2% in the 1st quarter. Wagner Wealth Management LLC now owns 57,401 shares of the investment management company’s stock valued at $633,000 after acquiring an additional 1,789 shares during the last quarter.

About BlackRock Floating Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.

In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.