PNC Financial Services Group Inc. Has $75,000 Stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

PNC Financial Services Group Inc. grew its holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 47.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,454 shares of the investment management company’s stock after purchasing an additional 1,744 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $75,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in FRA. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in BlackRock Floating Rate Income Strategies Fund by 6.9% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 14,589 shares of the investment management company’s stock valued at $201,000 after buying an additional 948 shares during the last quarter. Whitener Capital Management Inc. boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 3.5% in the fourth quarter. Whitener Capital Management Inc. now owns 30,196 shares of the investment management company’s stock valued at $415,000 after acquiring an additional 1,010 shares during the period. Anfield Capital Management LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter worth $55,000. Rockefeller Capital Management L.P. grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 3.4% in the third quarter. Rockefeller Capital Management L.P. now owns 143,645 shares of the investment management company’s stock worth $1,896,000 after acquiring an additional 4,668 shares during the last quarter. Finally, Graypoint LLC increased its position in BlackRock Floating Rate Income Strategies Fund by 2.7% during the fourth quarter. Graypoint LLC now owns 187,556 shares of the investment management company’s stock worth $2,579,000 after acquiring an additional 4,931 shares during the period.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of BlackRock Floating Rate Income Strategies Fund stock opened at $12.88 on Wednesday. The firm has a fifty day moving average price of $12.99 and a two-hundred day moving average price of $13.46. BlackRock Floating Rate Income Strategies Fund, Inc. has a fifty-two week low of $12.16 and a fifty-two week high of $14.50.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.1238 per share. This represents a $1.49 annualized dividend and a dividend yield of 11.54%. The ex-dividend date of this dividend is Friday, March 14th.

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.