BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) Stake Lowered by Klingman & Associates LLC

Klingman & Associates LLC reduced its stake in BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) by 18.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,097 shares of the investment management company’s stock after selling 16,172 shares during the quarter. Klingman & Associates LLC owned 0.19% of BlackRock Floating Rate Income Strat. Fn worth $1,035,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. D.A. Davidson & CO. grew its stake in shares of BlackRock Floating Rate Income Strat. Fn by 5.2% in the 2nd quarter. D.A. Davidson & CO. now owns 13,283 shares of the investment management company’s stock valued at $187,000 after purchasing an additional 656 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of BlackRock Floating Rate Income Strat. Fn by 5.9% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 18,155 shares of the investment management company’s stock valued at $258,000 after purchasing an additional 1,011 shares during the last quarter. Usca Ria LLC grew its stake in shares of BlackRock Floating Rate Income Strat. Fn by 1.5% in the 2nd quarter. Usca Ria LLC now owns 82,652 shares of the investment management company’s stock valued at $1,164,000 after purchasing an additional 1,260 shares during the last quarter. Sii Investments Inc. WI grew its stake in shares of BlackRock Floating Rate Income Strat. Fn by 14.0% in the 2nd quarter. Sii Investments Inc. WI now owns 15,856 shares of the investment management company’s stock valued at $222,000 after purchasing an additional 1,945 shares during the last quarter. Finally, Coastline Trust Co grew its stake in shares of BlackRock Floating Rate Income Strat. Fn by 4.1% in the 2nd quarter. Coastline Trust Co now owns 100,595 shares of the investment management company’s stock valued at $1,416,000 after purchasing an additional 3,960 shares during the last quarter.

Shares of BlackRock Floating Rate Income Strat. Fn (NYSE FRA) traded down $0.10 during mid-day trading on Friday, hitting $13.99. The company’s stock had a trading volume of 47,900 shares, compared to its average volume of 148,350. BlackRock Floating Rate Income Strat. Fn has a one year low of $13.38 and a one year high of $14.85.

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be issued a $0.061 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.73 annualized dividend and a dividend yield of 5.23%.

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BlackRock Floating Rate Income Strat. Fn Company Profile

BlackRock Floating Rate Income Strategies Fund, Inc is a diversified, closed-end management investment company. The Fund’s investment objective is to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments.

Institutional Ownership by Quarter for BlackRock Floating Rate Income Strat. Fn (NYSE:FRA)

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