Truist Financial Corp Has $439,000 Stock Position in BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

Truist Financial Corp decreased its stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 60.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,262 shares of the investment management company’s stock after selling 55,854 shares during the period. Truist Financial Corp’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $439,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FRA. CoreCap Advisors LLC lifted its position in BlackRock Floating Rate Income Strategies Fund by 24.2% during the 4th quarter. CoreCap Advisors LLC now owns 7,710 shares of the investment management company’s stock worth $91,000 after buying an additional 1,500 shares in the last quarter. Verus Capital Partners LLC lifted its position in BlackRock Floating Rate Income Strategies Fund by 20.0% during the 3rd quarter. Verus Capital Partners LLC now owns 18,000 shares of the investment management company’s stock worth $234,000 after buying an additional 3,000 shares in the last quarter. Jane Street Group LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund during the 2nd quarter worth about $244,000. Wealth Enhancement Advisory Services LLC lifted its position in BlackRock Floating Rate Income Strategies Fund by 37.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,629 shares of the investment management company’s stock worth $304,000 after buying an additional 7,025 shares in the last quarter. Finally, Insigneo Advisory Services LLC lifted its position in BlackRock Floating Rate Income Strategies Fund by 30.6% during the 3rd quarter. Insigneo Advisory Services LLC now owns 23,580 shares of the investment management company’s stock worth $306,000 after buying an additional 5,530 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of NYSE FRA opened at $11.02 on Wednesday. The firm’s 50-day simple moving average is $10.99 and its 200 day simple moving average is $11.52. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12-month low of $10.50 and a 12-month high of $13.41.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.1238 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 13.5%.

About BlackRock Floating Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.

In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.