Virtus ETF Advisers LLC Purchases Shares of 175,561 BlackRock Floating Rate Income SFI (NYSE:FRA)

Virtus ETF Advisers LLC purchased a new stake in BlackRock Floating Rate Income SFI (NYSE:FRA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 175,561 shares of the investment management company’s stock, valued at approximately $2,252,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Zazove Associates LLC grew its position in shares of BlackRock Floating Rate Income SFI by 4,940.7% in the 2nd quarter. Zazove Associates LLC now owns 1,929,397 shares of the investment management company’s stock valued at $491,000 after buying an additional 1,891,121 shares during the last quarter. Relative Value Partners Group LLC boosted its position in shares of BlackRock Floating Rate Income SFI by 0.3% during the 1st quarter. Relative Value Partners Group LLC now owns 1,119,627 shares of the investment management company’s stock valued at $13,995,000 after purchasing an additional 3,665 shares in the last quarter. Beach Point Capital Management LP boosted its position in shares of BlackRock Floating Rate Income SFI by 5.0% during the 2nd quarter. Beach Point Capital Management LP now owns 998,836 shares of the investment management company’s stock valued at $12,815,000 after purchasing an additional 47,805 shares in the last quarter. Next Capital Management LLC boosted its position in shares of BlackRock Floating Rate Income SFI by 34.6% during the 2nd quarter. Next Capital Management LLC now owns 216,600 shares of the investment management company’s stock valued at $2,779,000 after purchasing an additional 55,631 shares in the last quarter. Finally, Mariner Investment Group LLC boosted its position in shares of BlackRock Floating Rate Income SFI by 54.6% during the 1st quarter. Mariner Investment Group LLC now owns 158,158 shares of the investment management company’s stock valued at $1,977,000 after purchasing an additional 55,888 shares in the last quarter.

Shares of BlackRock Floating Rate Income SFI stock traded down $0.06 on Friday, hitting $12.64. 700 shares of the company’s stock traded hands, compared to its average volume of 156,998. BlackRock Floating Rate Income SFI has a one year low of $11.63 and a one year high of $13.85. The company has a fifty day moving average of $12.62 and a two-hundred day moving average of $12.77.

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.069 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.83 annualized dividend and a dividend yield of 6.55%.

About BlackRock Floating Rate Income SFI

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.

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Institutional Ownership by Quarter for BlackRock Floating Rate Income SFI (NYSE:FRA)

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