Envestnet Asset Management Inc. Acquires 12,267 Shares of BlackRock Floating Rate Income SFI (NYSE:FRA)

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Envestnet Asset Management Inc. increased its holdings in shares of BlackRock Floating Rate Income SFI (NYSE:FRA) by 24.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,677 shares of the investment management company’s stock after purchasing an additional 12,267 shares during the period. Envestnet Asset Management Inc.’s holdings in BlackRock Floating Rate Income SFI were worth $690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Saba Capital Management L.P. boosted its stake in shares of BlackRock Floating Rate Income SFI by 14.9% during the first quarter. Saba Capital Management L.P. now owns 2,671,028 shares of the investment management company’s stock valued at $26,737,000 after purchasing an additional 347,085 shares in the last quarter. Morgan Stanley lifted its position in BlackRock Floating Rate Income SFI by 11.0% during the first quarter. Morgan Stanley now owns 723,114 shares of the investment management company’s stock valued at $7,238,000 after acquiring an additional 71,622 shares during the last quarter. Invesco Ltd. lifted its position in BlackRock Floating Rate Income SFI by 8.1% during the first quarter. Invesco Ltd. now owns 641,470 shares of the investment management company’s stock valued at $6,421,000 after acquiring an additional 47,909 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of BlackRock Floating Rate Income SFI by 5.4% in the first quarter. Guggenheim Capital LLC now owns 412,438 shares of the investment management company’s stock worth $4,129,000 after buying an additional 20,954 shares during the last quarter. Finally, RiverNorth Capital Management LLC raised its holdings in shares of BlackRock Floating Rate Income SFI by 75.9% in the first quarter. RiverNorth Capital Management LLC now owns 382,671 shares of the investment management company’s stock worth $3,831,000 after buying an additional 165,065 shares during the last quarter.

NYSE FRA opened at $11.43 on Friday. The company has a fifty day simple moving average of $11.21 and a two-hundred day simple moving average of $11.53. BlackRock Floating Rate Income SFI has a 12-month low of $6.72 and a 12-month high of $13.66.

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid a $0.079 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 8.29%.

BlackRock Floating Rate Income SFI Company 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.

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

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