Penserra Capital Management LLC Buys Shares of 999,625 BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Penserra Capital Management LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 999,625 shares of the investment management company’s stock, valued at approximately $13,195,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 15.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 17,279 shares of the investment management company’s stock valued at $218,000 after purchasing an additional 2,255 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the first quarter valued at about $173,000. Objective Capital Management LLC boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 8.9% during the first quarter. Objective Capital Management LLC now owns 18,509 shares of the investment management company’s stock valued at $239,000 after purchasing an additional 1,520 shares in the last quarter. Congress Park Capital LLC boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 33.3% during the second quarter. Congress Park Capital LLC now owns 217,985 shares of the investment management company’s stock valued at $2,821,000 after purchasing an additional 54,466 shares in the last quarter. Finally, Andrew Hill Investment Advisors Inc. boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 5.0% during the second quarter. Andrew Hill Investment Advisors Inc. now owns 37,495 shares of the investment management company’s stock valued at $485,000 after purchasing an additional 1,786 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.2 %

BlackRock Floating Rate Income Strategies Fund stock opened at $13.92 on Friday. The stock’s 50 day moving average is $13.64 and its 200 day moving average is $13.30. BlackRock Floating Rate Income Strategies Fund, Inc. has a one year low of $11.90 and a one year high of $14.22.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.1238 dividend. This represents a $1.49 annualized dividend and a yield of 10.68%. The ex-dividend date of this dividend is Friday, November 15th.

About BlackRock Floating Rate Income Strategies Fund

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.