Guggenheim Capital LLC Buys 174,528 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

Guggenheim Capital LLC increased its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 15.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,275,851 shares of the investment management company’s stock after acquiring an additional 174,528 shares during the period. Guggenheim Capital LLC’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $16,484,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Klingman & Associates LLC raised its position in BlackRock Floating Rate Income Strategies Fund by 2.9% in the 1st quarter. Klingman & Associates LLC now owns 42,540 shares of the investment management company’s stock worth $550,000 after purchasing an additional 1,198 shares during the last quarter. Cetera Investment Advisers raised its position in BlackRock Floating Rate Income Strategies Fund by 83.6% in the 1st quarter. Cetera Investment Advisers now owns 43,458 shares of the investment management company’s stock worth $561,000 after purchasing an additional 19,788 shares during the last quarter. Edgemoor Investment Advisors Inc. raised its position in BlackRock Floating Rate Income Strategies Fund by 18.1% in the 1st quarter. Edgemoor Investment Advisors Inc. now owns 172,155 shares of the investment management company’s stock worth $2,224,000 after purchasing an additional 26,401 shares during the last quarter. Graypoint LLC raised its position in BlackRock Floating Rate Income Strategies Fund by 2.9% in the 1st quarter. Graypoint LLC now owns 192,985 shares of the investment management company’s stock worth $2,493,000 after purchasing an additional 5,429 shares during the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC raised its position in shares of BlackRock Floating Rate Income Strategies Fund by 8.3% during the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 80,152 shares of the investment management company’s stock valued at $1,036,000 after acquiring an additional 6,118 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.1%

Shares of BlackRock Floating Rate Income Strategies Fund stock opened at $13.29 on Thursday. The firm has a fifty day moving average of $13.17 and a two-hundred day moving average of $12.84. BlackRock Floating Rate Income Strategies Fund, Inc. has a 52 week low of $10.90 and a 52 week high of $14.50.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.1238 per share. The ex-dividend date is Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 11.2%.

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.