Hollencrest Capital Management Purchases Shares of 18,304 BlackRock Floating Rate Income Strat. Fn (FRA)

Hollencrest Capital Management purchased a new stake in BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,304 shares of the investment management company’s stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FRA. Belpointe Asset Management LLC bought a new stake in shares of BlackRock Floating Rate Income Strat. Fn in the 3rd quarter valued at approximately $174,000. D.A. Davidson & CO. boosted its position in BlackRock Floating Rate Income Strat. Fn by 5.2% during the second quarter. D.A. Davidson & CO. now owns 13,283 shares of the investment management company’s stock worth $187,000 after purchasing an additional 656 shares during the period. Sii Investments Inc. WI boosted its position in BlackRock Floating Rate Income Strat. Fn by 14.0% during the second quarter. Sii Investments Inc. WI now owns 15,856 shares of the investment management company’s stock worth $222,000 after purchasing an additional 1,945 shares during the period. AE Wealth Management LLC boosted its position in BlackRock Floating Rate Income Strat. Fn by 35.3% during the third quarter. AE Wealth Management LLC now owns 17,830 shares of the investment management company’s stock worth $256,000 after purchasing an additional 4,654 shares during the period. Finally, City of London Investment Management Co. Ltd. bought a new stake in BlackRock Floating Rate Income Strat. Fn during the third quarter worth approximately $259,000.

Shares of BlackRock Floating Rate Income Strat. Fn (FRA) opened at $14.18 on Friday. BlackRock Floating Rate Income Strat. Fn has a 12-month low of $13.70 and a 12-month high of $14.85.

The business also recently announced a monthly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Friday, December 29th were given a dividend of $0.061 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.73 dividend on an annualized basis and a yield of 5.16%.

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BlackRock Floating Rate Income Strat. Fn 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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