BlackRock Floating Rate Income Strategies Fund, Inc. $FRA Shares Acquired by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. grew its stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 47.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 296,213 shares of the investment management company’s stock after acquiring an additional 94,860 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in BlackRock Floating Rate Income Strategies Fund were worth $3,489,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FRA. GraniteShares Advisors LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 4th quarter worth about $2,707,000. Raymond James Financial Inc. increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 42.4% in the third quarter. Raymond James Financial Inc. now owns 323,357 shares of the investment management company’s stock valued at $4,197,000 after purchasing an additional 96,273 shares during the period. Byrne Asset Management LLC raised its stake in shares of BlackRock Floating Rate Income Strategies Fund by 21,066.7% in the fourth quarter. Byrne Asset Management LLC now owns 95,250 shares of the investment management company’s stock worth $1,122,000 after purchasing an additional 94,800 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter worth about $940,000. Finally, Royal Bank of Canada lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 79.9% during the first quarter. Royal Bank of Canada now owns 165,544 shares of the investment management company’s stock worth $2,139,000 after purchasing an additional 73,518 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of NYSE FRA opened at $11.15 on Friday. The company has a 50 day simple moving average of $11.02 and a two-hundred day simple moving average of $11.45. BlackRock Floating Rate Income Strategies Fund, Inc. has a 12 month low of $10.50 and a 12 month high of $13.41.

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.