Whitener Capital Management Inc. Acquires 1,010 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Whitener Capital Management Inc. increased its stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,196 shares of the investment management company’s stock after acquiring an additional 1,010 shares during the quarter. Whitener Capital Management Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Klingman & Associates LLC boosted its stake in BlackRock Floating Rate Income Strategies Fund by 2.8% during the third quarter. Klingman & Associates LLC now owns 27,547 shares of the investment management company’s stock worth $364,000 after buying an additional 761 shares in the last quarter. Kades & Cheifetz LLC raised its position in BlackRock Floating Rate Income Strategies Fund by 1.3% in the third quarter. Kades & Cheifetz LLC now owns 73,781 shares of the investment management company’s stock worth $974,000 after purchasing an additional 929 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in BlackRock Floating Rate Income Strategies Fund by 3.4% during 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 purchasing an additional 4,668 shares during the period. Graypoint LLC boosted its holdings 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 valued at $2,579,000 after purchasing an additional 4,931 shares in the last quarter. Finally, Cornerstone Advisors LLC acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter worth approximately $140,000.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.0 %

Shares of FRA stock opened at $13.03 on Friday. The stock’s fifty day simple moving average is $13.88 and its 200 day simple moving average is $13.51. BlackRock Floating Rate Income Strategies Fund, Inc. has a one year low of $12.16 and a one year high of $14.50.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.1238 dividend. This represents a $1.49 annualized dividend and a dividend yield of 11.40%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.