TT Capital Management LLC Has $2.26 Million Stock Holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

TT Capital Management LLC cut its holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 6.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 175,001 shares of the investment management company’s stock after selling 12,513 shares during the quarter. BlackRock Floating Rate Income Strategies Fund comprises 1.9% of TT Capital Management LLC’s holdings, making the stock its 13th biggest position. TT Capital Management LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $2,261,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FRA. Guggenheim Capital LLC grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 37.8% in the 4th quarter. Guggenheim Capital LLC now owns 1,101,323 shares of the investment management company’s stock valued at $15,143,000 after purchasing an additional 302,183 shares during the period. Raymond James Financial Inc. acquired a new position in BlackRock Floating Rate Income Strategies Fund during the 4th quarter worth approximately $1,957,000. Mercer Global Advisors Inc. ADV boosted its position in BlackRock Floating Rate Income Strategies Fund by 574.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 80,422 shares of the investment management company’s stock worth $1,106,000 after acquiring an additional 68,497 shares during the last quarter. Bank of America Corp DE boosted its position in BlackRock Floating Rate Income Strategies Fund by 9.8% during the 4th quarter. Bank of America Corp DE now owns 649,929 shares of the investment management company’s stock worth $8,937,000 after acquiring an additional 58,089 shares during the last quarter. Finally, Edgemoor Investment Advisors Inc. boosted its position in BlackRock Floating Rate Income Strategies Fund by 41.4% during the 4th quarter. Edgemoor Investment Advisors Inc. now owns 145,754 shares of the investment management company’s stock worth $2,004,000 after acquiring an additional 42,693 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.2%

NYSE:FRA opened at $12.88 on Friday. BlackRock Floating Rate Income Strategies Fund, Inc. has a twelve month low of $10.90 and a twelve month high of $14.50. The business has a 50 day moving average price of $12.59 and a two-hundred day moving average price of $12.96.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.1238 per share. This represents a $1.49 dividend on an annualized basis and a yield of 11.54%. The ex-dividend date is Friday, June 13th.

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.