BlackRock Floating Rate Income Strategies Fund, Inc. $FRA Shares Purchased by Marathon Strategic Advisors LLC

Marathon Strategic Advisors LLC lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 18.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 330,896 shares of the investment management company’s stock after purchasing an additional 50,660 shares during the quarter. BlackRock Floating Rate Income Strategies Fund makes up 3.4% of Marathon Strategic Advisors LLC’s portfolio, making the stock its 11th largest holding. Marathon Strategic Advisors LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $4,295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers raised its position in shares of BlackRock Floating Rate Income Strategies Fund by 146.1% during the 2nd quarter. Cetera Investment Advisers now owns 106,965 shares of the investment management company’s stock worth $1,406,000 after purchasing an additional 63,507 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the second quarter worth $250,000. Allworth Financial LP bought a new stake in BlackRock Floating Rate Income Strategies Fund in the second quarter valued at $250,000. Future Financial Wealth Managment LLC boosted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 4.3% during the second quarter. Future Financial Wealth Managment LLC now owns 34,357 shares of the investment management company’s stock valued at $451,000 after acquiring an additional 1,403 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 13.2% during the second quarter. Guggenheim Capital LLC now owns 1,444,837 shares of the investment management company’s stock valued at $18,985,000 after acquiring an additional 168,986 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.9%

FRA stock opened at $11.80 on Friday. The firm’s 50-day simple moving average is $12.14 and its 200 day simple moving average is $12.77. BlackRock Floating Rate Income Strategies Fund, Inc. has a fifty-two week low of $10.90 and a fifty-two week high of $14.30.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.1238 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date of this dividend is Monday, December 22nd.

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.