Marathon Strategic Advisors LLC Has $3.42 Million Stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Marathon Strategic Advisors LLC boosted its holdings in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 248,675 shares of the investment management company’s stock after acquiring an additional 7,877 shares during the quarter. BlackRock Floating Rate Income Strategies Fund accounts for about 3.7% of Marathon Strategic Advisors LLC’s holdings, making the stock its 11th biggest position. Marathon Strategic Advisors LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $3,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whitener Capital Management Inc. lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 3.5% in the fourth quarter. Whitener Capital Management Inc. now owns 30,196 shares of the investment management company’s stock valued at $415,000 after buying an additional 1,010 shares in the last quarter. Graypoint LLC raised its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 2.7% in the 4th quarter. Graypoint LLC now owns 187,556 shares of the investment management company’s stock worth $2,579,000 after acquiring an additional 4,931 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter worth about $276,000. Rockefeller Capital Management L.P. lifted its position in BlackRock Floating Rate Income Strategies Fund by 3.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 143,645 shares of the investment management company’s stock valued at $1,896,000 after acquiring an additional 4,668 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its stake in BlackRock Floating Rate Income Strategies Fund by 24.6% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 73,870 shares of the investment management company’s stock valued at $975,000 after purchasing an additional 14,579 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of BlackRock Floating Rate Income Strategies Fund stock opened at $13.04 on Thursday. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52 week low of $12.16 and a 52 week high of $14.50. The business has a 50 day moving average price of $13.82 and a 200-day moving average price of $13.51.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.1238 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 11.40%. The ex-dividend date 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.