Financial Investment Management Group Ltd Lowers stake in BlackRock Floating Rate Income Strat. Fn (FRA)

BlackRock Floating Rate Income Strat. Fn (FRA) : Financial Investment Management Group Ltd reduced its stake in BlackRock Floating Rate Income Strat. Fn by 1.01% during the most recent quarter end. The investment management company now holds a total of 470,567 shares of BlackRock Floating Rate Income Strat. Fn which is valued at $6,423,240 after selling 4,807 shares in BlackRock Floating Rate Income Strat. Fn , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.BlackRock Floating Rate Income Strat. Fn makes up approximately 2.18% of Financial Investment Management Group Ltd’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in FRA in the latest quarter, The investment management firm added 413 additional shares and now holds a total of 28,319 shares of BlackRock Floating Rate Income Strat. Fn which is valued at $387,687. BlackRock Floating Rate Income Strat. Fn makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Creative Planning boosted its stake in FRA in the latest quarter, The investment management firm added 1,086 additional shares and now holds a total of 3,276 shares of BlackRock Floating Rate Income Strat. Fn which is valued at $45,373.Beacon Capital Management reduced its stake in FRA by selling 1,400 shares or 41.18% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of FRA which is valued at $27,720.Advisory Services Network boosted its stake in FRA in the latest quarter, The investment management firm added 404 additional shares and now holds a total of 2,697 shares of BlackRock Floating Rate Income Strat. Fn which is valued at $37,326. BlackRock Floating Rate Income Strat. Fn makes up approx 0.01% of Advisory Services Network’s portfolio.

BlackRock Floating Rate Income Strat. Fn closed down -0.04 points or -0.29% at $13.65 with 69,126 shares getting traded on Friday. Post opening the session at $13.74, the shares hit an intraday low of $13.65 and an intraday high of $13.74 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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