OTA Financial Group L.P. Takes Position in BlackRock Floating Rate Income Strategies Fund Inc (FRA)

OTA Financial Group L.P. acquired a new stake in BlackRock Floating Rate Income Strategies Fund Inc (NYSE:FRA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,707 shares of the investment management company’s stock, valued at approximately $230,000.

Several other hedge funds also recently added to or reduced their stakes in FRA. Wells Fargo & Company MN grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 53.2% in the 3rd quarter. Wells Fargo & Company MN now owns 1,120,616 shares of the investment management company’s stock valued at $16,092,000 after purchasing an additional 389,104 shares during the period. Relative Value Partners Group LLC boosted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 13.3% in the 3rd quarter. Relative Value Partners Group LLC now owns 1,961,369 shares of the investment management company’s stock worth $28,165,000 after acquiring an additional 230,689 shares in the last quarter. Wagner Wealth Management LLC acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth approximately $1,327,000. BlueCrest Capital Management Ltd acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth approximately $637,000. Finally, Millennium Management LLC acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth approximately $374,000.

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FRA stock opened at $14.42 on Friday. BlackRock Floating Rate Income Strategies Fund Inc has a 1-year low of $13.70 and a 1-year high of $14.74.

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a $0.061 dividend. This represents a $0.73 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Wednesday, March 14th.

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About BlackRock Floating Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund, Inc is a diversified, closed-end management investment company. The Fund’s investment objective is to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments.

Want to see what other hedge funds are holding FRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Floating Rate Income Strategies Fund Inc (NYSE:FRA).

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

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