Cornerstone Advisors LLC Takes $140,000 Position in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Cornerstone Advisors LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,600 shares of the investment management company’s stock, valued at approximately $140,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eastern Bank purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 3rd quarter valued at $145,000. Virtu Financial LLC bought a new position in BlackRock Floating Rate Income Strategies Fund in the 1st quarter worth about $173,000. Objective Capital Management LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter valued at about $206,000. B. Riley Wealth Advisors Inc. boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 15.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 17,279 shares of the investment management company’s stock valued at $218,000 after acquiring an additional 2,255 shares during the last quarter. Finally, Klingman & Associates LLC grew its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 2.9% during the second quarter. Klingman & Associates LLC now owns 26,786 shares of the investment management company’s stock worth $347,000 after purchasing an additional 753 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Trading Down 0.3 %

Shares of BlackRock Floating Rate Income Strategies Fund stock opened at $13.88 on Friday. The company has a 50 day simple moving average of $13.61 and a two-hundred day simple moving average of $13.29. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1 year low of $11.89 and a 1 year high of $14.22.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.1238 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.49 dividend on an annualized basis and a yield of 10.71%.

BlackRock Floating Rate Income Strategies Fund Profile

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.