Klingman Associates Lowers stake in BlackRock Floating Rate Income Strat. Fn (FRA)

BlackRock Floating Rate Income Strat. Fn (FRA) : Klingman Associates reduced its stake in BlackRock Floating Rate Income Strat. Fn by 4.31% during the most recent quarter end. The investment management company now holds a total of 88,863 shares of BlackRock Floating Rate Income Strat. Fn which is valued at $1,166,771 after selling 4,007 shares in BlackRock Floating Rate Income Strat. Fn , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.BlackRock Floating Rate Income Strat. Fn makes up approximately 0.41% of Klingman Associates’s portfolio.

BlackRock Floating Rate Income Strat. Fn opened for trading at $13.11 and hit $13.15 on the upside on Friday, eventually ending the session at $13.13, with a gain of 0.15% or 0.02 points. The heightened volatility saw the trading volume jump to 1,05,277 shares. Company has a market cap of $238 M.

Other Hedge Funds, Including , Coastline Trust Co boosted its stake in FRA in the latest quarter, The investment management firm added 10,405 additional shares and now holds a total of 69,807 shares of BlackRock Floating Rate Income Strat. Fn which is valued at $900,510. BlackRock Floating Rate Income Strat. Fn makes up approx 0.19% of Coastline Trust Co’s portfolio.Capital Investment Advisors reduced its stake in FRA by selling 4,192 shares or 3.83% in the most recent quarter. The Hedge Fund company now holds 105,252 shares of FRA which is valued at $1,357,751. BlackRock Floating Rate Income Strat. Fn makes up approx 0.13% of Capital Investment Advisors’s portfolio. Jaffetilchin Investment Partners added FRA to its portfolio by purchasing 45,000 company shares during the most recent quarter which is valued at $580,500. BlackRock Floating Rate Income Strat. Fn makes up approx 0.18% of Jaffetilchin Investment Partners’s portfolio.Financial Investment Management Group Ltd reduced its stake in FRA by selling 10,465 shares or 2.11% in the most recent quarter. The Hedge Fund company now holds 485,013 shares of FRA which is valued at $6,256,668. BlackRock Floating Rate Income Strat. Fn makes up approx 1.66% of Financial Investment Management Group Ltd’s portfolio.Creative Planning reduced its stake in FRA by selling 2,721 shares or 57.31% in the most recent quarter. The Hedge Fund company now holds 2,027 shares of FRA which is valued at $26,331.

BlackRock Floating Rate Income Strategies Fund Inc. (the Fund) 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. The Fund invests under normal market conditions at least 80% of its assets in floating rate debt securities including floating or variable rate debt securities that pay interest at rates that adjust whenever a specified interest rate changes and/or which reset on predetermined dates. It invests a portion of its investments in floating rate debt securities consisting of secured or unsecured senior floating rate loans that are rated below investment grade. It may invest directly in floating rate debt securities or synthetically through the use of derivatives. The Fund’s manager is BlackRock Advisors LLC.

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