Marathon Strategic Advisors LLC Grows Stock Holdings in BlackRock Floating Rate Income Strategies Fund, Inc. $FRA

Marathon Strategic Advisors LLC boosted its stake in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 18.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 330,896 shares of the investment management company’s stock after acquiring an additional 50,660 shares during the period. BlackRock Floating Rate Income Strategies Fund accounts for about 3.4% 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 $4,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Guggenheim Capital LLC grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 13.2% in the 2nd quarter. Guggenheim Capital LLC now owns 1,444,837 shares of the investment management company’s stock valued at $18,985,000 after purchasing an additional 168,986 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 25.5% during the second quarter. Raymond James Financial Inc. now owns 227,084 shares of the investment management company’s stock worth $2,984,000 after purchasing an additional 46,145 shares during the period. TT Capital Management LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 3.6% in the 2nd quarter. TT Capital Management LLC now owns 181,279 shares of the investment management company’s stock valued at $2,382,000 after buying an additional 6,278 shares during the last quarter. Royal Bank of Canada grew its position in BlackRock Floating Rate Income Strategies Fund by 79.9% in the 1st quarter. Royal Bank of Canada now owns 165,544 shares of the investment management company’s stock valued at $2,139,000 after buying an additional 73,518 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in BlackRock Floating Rate Income Strategies Fund by 146.1% in the 2nd quarter. Cetera Investment Advisers now owns 106,965 shares of the investment management company’s stock valued at $1,406,000 after buying an additional 63,507 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Performance

FRA stock opened at $11.80 on Friday. BlackRock Floating Rate Income Strategies Fund, Inc. has a one year low of $10.90 and a one year high of $14.30. The company has a fifty day moving average of $12.14 and a 200-day moving average of $12.77.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a $0.1238 dividend. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 12.6%.

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.