BlackRock Floating Rate Income Strategies Fund, Inc. $FRA Shares Sold by Royal Bank of Canada

Royal Bank of Canada lessened its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 48.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,112 shares of the investment management company’s stock after selling 137,566 shares during the quarter. Royal Bank of Canada’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $1,632,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Baird Financial Group Inc. grew its stake in BlackRock Floating Rate Income Strategies Fund by 130.3% in the second quarter. Baird Financial Group Inc. now owns 84,741 shares of the investment management company’s stock worth $1,113,000 after purchasing an additional 47,946 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in BlackRock Floating Rate Income Strategies Fund by 25.5% during the 2nd quarter. Raymond James Financial Inc. now owns 227,084 shares of the investment management company’s stock worth $2,984,000 after buying an additional 46,145 shares during the last quarter. Jane Street Group LLC bought a new position in BlackRock Floating Rate Income Strategies Fund during the 2nd quarter worth approximately $244,000. Ameriprise Financial Inc. grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 3.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 181,082 shares of the investment management company’s stock worth $2,331,000 after acquiring an additional 6,358 shares in the last quarter. Finally, Lido Advisors LLC grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 31.6% in the 3rd quarter. Lido Advisors LLC now owns 31,473 shares of the investment management company’s stock worth $409,000 after acquiring an additional 7,565 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.2%

Shares of NYSE FRA opened at $10.92 on Wednesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a twelve month low of $10.50 and a twelve month high of $13.41. The business has a 50 day simple moving average of $10.87 and a 200-day simple moving average of $11.04.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.1238 dividend. This represents a c) dividend on an annualized basis and a yield of 13.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Floating Rate Income Strategies Fund Profile

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.