Andrew Hill Investment Advisors Inc. Purchases 6,553 Shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA)

Andrew Hill Investment Advisors Inc. increased its stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 15.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 47,730 shares of the investment management company’s stock after purchasing an additional 6,553 shares during the quarter. Andrew Hill Investment Advisors Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FRA. Raymond James Financial Inc. purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the fourth quarter worth $1,957,000. Edgemoor Investment Advisors Inc. raised its position in shares of BlackRock Floating Rate Income Strategies Fund by 41.4% in the fourth quarter. Edgemoor Investment Advisors Inc. now owns 145,754 shares of the investment management company’s stock valued at $2,004,000 after buying an additional 42,693 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in BlackRock Floating Rate Income Strategies Fund by 17.9% in the 4th quarter. Wells Fargo & Company MN now owns 144,694 shares of the investment management company’s stock worth $1,990,000 after acquiring an additional 21,957 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter valued at about $276,000. Finally, Advisors Asset Management Inc. boosted its stake in BlackRock Floating Rate Income Strategies Fund by 5.1% during the 4th quarter. Advisors Asset Management Inc. now owns 381,331 shares of the investment management company’s stock valued at $5,243,000 after purchasing an additional 18,401 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of FRA stock opened at $12.11 on Thursday. BlackRock Floating Rate Income Strategies Fund, Inc. has a twelve month low of $10.90 and a twelve month high of $14.50. The stock’s 50 day simple moving average is $12.80 and its 200 day simple moving average is $13.39.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a $0.1238 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.49 annualized dividend and a dividend yield of 12.27%.

BlackRock Floating Rate Income Strategies Fund 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.