Guggenheim Capital LLC Acquires 302,183 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Guggenheim Capital LLC increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 37.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,101,323 shares of the investment management company’s stock after buying an additional 302,183 shares during the quarter. Guggenheim Capital LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $15,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. TT Capital Management LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter worth about $2,493,000. Andrew Hill Investment Advisors Inc. lifted its stake in BlackRock Floating Rate Income Strategies Fund by 15.9% in the 4th quarter. Andrew Hill Investment Advisors Inc. now owns 47,730 shares of the investment management company’s stock valued at $656,000 after purchasing an additional 6,553 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at approximately $1,957,000. Envestnet Asset Management Inc. grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 43.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,035 shares of the investment management company’s stock worth $220,000 after buying an additional 4,847 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 17.9% during the fourth quarter. Wells Fargo & Company MN now owns 144,694 shares of the investment management company’s stock worth $1,990,000 after buying an additional 21,957 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Trading Down 0.4 %

Shares of FRA opened at $12.21 on Wednesday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52 week low of $10.90 and a 52 week high of $14.50. The stock has a fifty day moving average of $12.73 and a 200-day moving average of $13.36.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.1238 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 12.18%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.