Twin Focus Capital Partners adds BlackRock Floating Rate Income Strat. Fn (FRA) to its portfolio

BlackRock Floating Rate Income Strat. Fn (FRA) : Twin Focus Capital Partners added new position in BlackRock Floating Rate Income Strat. Fn during the most recent quarter end. The investment management firm now holds 22,837 shares of BlackRock Floating Rate Income Strat. Fn which is valued at $313,552 , the company said in a statement filed on Nov 14, 2016 with the SEC.BlackRock Floating Rate Income Strat. Fn makes up approximately 0.22% of Twin Focus Capital Partners’s portfolio.

Other Hedge Funds, Including , Tower Research Capital (trc) added FRA to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $2,722. Sigma Planning Corp added FRA to its portfolio by purchasing 13,350 company shares during the most recent quarter which is valued at $181,694. BlackRock Floating Rate Income Strat. Fn makes up approx 0.02% of Sigma Planning Corp’s portfolio. Hedeker Wealth added FRA to its portfolio by purchasing 32 company shares during the most recent quarter which is valued at $436.

BlackRock Floating Rate Income Strat. Fn closed down -0.05 points or -0.36% at $13.85 with 1,58,293 shares getting traded on Monday. Post opening the session at $13.91, the shares hit an intraday low of $13.83 and an intraday high of $13.95 and the price fluctuated in this range throughout the day.Shares ended Monday 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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