BlackRock Floating Rate Income SFI (NYSE:FRA) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as low as $12.77. BlackRock Floating Rate Income SFI shares last traded at $12.77, with a volume of 2,421 shares changing hands.

The business’s 50 day moving average is $12.81.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a $0.069 dividend. This represents a $0.83 annualized dividend and a yield of 6.50%. The ex-dividend date is Friday, July 12th.

A number of institutional investors and hedge funds have recently modified their holdings of FRA. Pinnacle Financial Partners Inc. acquired a new position in BlackRock Floating Rate Income SFI in the first quarter valued at approximately $39,000. LPL Financial LLC lifted its stake in BlackRock Floating Rate Income SFI by 13.8% in the fourth quarter. LPL Financial LLC now owns 14,312 shares of the investment management company’s stock valued at $170,000 after buying an additional 1,735 shares during the period. Surevest Inc. acquired a new position in BlackRock Floating Rate Income SFI in the fourth quarter valued at approximately $173,000. Summit Financial Wealth Advisors LLC lifted its stake in BlackRock Floating Rate Income SFI by 10.2% in the second quarter. Summit Financial Wealth Advisors LLC now owns 13,506 shares of the investment management company’s stock valued at $173,000 after buying an additional 1,250 shares during the period. Finally, Advisory Services Network LLC lifted its stake in BlackRock Floating Rate Income SFI by 67.9% in the fourth quarter. Advisory Services Network LLC now owns 14,846 shares of the investment management company’s stock valued at $177,000 after buying an additional 6,006 shares during the period.

About BlackRock Floating Rate Income SFI (NYSE:FRA)

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.

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