Capital Investment Advisors LLC Has $505,000 Stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Capital Investment Advisors LLC reduced its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,265 shares of the investment management company’s stock after selling 990 shares during the period. Capital Investment Advisors LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FRA. Advisors Asset Management Inc. raised its position in BlackRock Floating Rate Income Strategies Fund by 9.4% during the first quarter. Advisors Asset Management Inc. now owns 309,241 shares of the investment management company’s stock valued at $3,995,000 after purchasing an additional 26,446 shares in the last quarter. Marathon Strategic Advisors LLC boosted its stake in BlackRock Floating Rate Income Strategies Fund by 1.6% in the first quarter. Marathon Strategic Advisors LLC now owns 247,916 shares of the investment management company’s stock valued at $3,203,000 after buying an additional 3,793 shares in the last quarter. Congress Park Capital LLC boosted its stake in BlackRock Floating Rate Income Strategies Fund by 33.3% in 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 buying an additional 54,466 shares in the last quarter. Graypoint LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 2.9% in the second quarter. Graypoint LLC now owns 177,588 shares of the investment management company’s stock valued at $2,298,000 after acquiring an additional 4,978 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in BlackRock Floating Rate Income Strategies Fund by 1.3% during the second quarter. Commonwealth Equity Services LLC now owns 166,569 shares of the investment management company’s stock worth $2,155,000 after acquiring an additional 2,072 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Performance

FRA opened at $13.71 on Tuesday. The company’s 50 day moving average is $13.19 and its 200-day moving average is $13.16. BlackRock Floating Rate Income Strategies Fund, Inc. has a 1-year low of $11.45 and a 1-year high of $13.78.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.1238 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.49 annualized dividend and a yield of 10.84%.

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.