Kades & Cheifetz LLC Acquires 929 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Kades & Cheifetz LLC boosted its holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 73,781 shares of the investment management company’s stock after purchasing an additional 929 shares during the quarter. Kades & Cheifetz LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $974,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. DecisionPoint Financial LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 1st quarter valued at $29,000. Cornerstone Wealth Group LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund in the first quarter valued at $142,000. Hartline Investment Corp acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund during the first quarter valued at about $167,000. Virtu Financial LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 1st quarter valued at about $173,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings in 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 worth $218,000 after buying an additional 2,255 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.7 %

FRA opened at $13.33 on Thursday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1 year low of $11.45 and a 1 year high of $13.69. The firm’s fifty day moving average price is $13.09 and its two-hundred day moving average price is $13.09.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.1238 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.49 annualized dividend and a yield of 11.15%.

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.