Summit Financial Wealth Advisors LLC Raises Stock Holdings in BlackRock Floating Rate Income SFI (NYSE:FRA)

Summit Financial Wealth Advisors LLC increased its position in BlackRock Floating Rate Income SFI (NYSE:FRA) by 10.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,506 shares of the investment management company’s stock after buying an additional 1,250 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in BlackRock Floating Rate Income SFI were worth $173,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of FRA. Mycio Wealth Partners LLC increased its position in BlackRock Floating Rate Income SFI by 1.0% during the 1st quarter. Mycio Wealth Partners LLC now owns 82,625 shares of the investment management company’s stock valued at $1,033,000 after purchasing an additional 833 shares during the period. Park Avenue Securities LLC increased its position in BlackRock Floating Rate Income SFI by 6.3% during the 1st quarter. Park Avenue Securities LLC now owns 20,331 shares of the investment management company’s stock valued at $256,000 after purchasing an additional 1,201 shares during the period. 9258 Wealth Management LLC increased its position in BlackRock Floating Rate Income SFI by 3.4% during the 1st quarter. 9258 Wealth Management LLC now owns 41,271 shares of the investment management company’s stock valued at $516,000 after purchasing an additional 1,367 shares during the period. LPL Financial LLC increased its position in BlackRock Floating Rate Income SFI by 13.8% during the 4th quarter. LPL Financial LLC now owns 14,312 shares of the investment management company’s stock valued at $170,000 after purchasing an additional 1,735 shares during the period. Finally, Securian Asset Management Inc increased its position in BlackRock Floating Rate Income SFI by 1.9% during the 1st quarter. Securian Asset Management Inc now owns 121,045 shares of the investment management company’s stock valued at $1,513,000 after purchasing an additional 2,200 shares during the period.

Shares of FRA stock traded up $0.01 during mid-day trading on Friday, reaching $12.78. 1,702 shares of the company’s stock traded hands, compared to its average volume of 157,412. BlackRock Floating Rate Income SFI has a 12 month low of $11.63 and a 12 month high of $13.98. The firm’s 50-day simple moving average is $12.80.

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were issued a dividend of $0.069 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date of this dividend was Friday, July 12th.

About BlackRock Floating Rate Income SFI

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.

Featured Article: What does cost of debt say about a company’s financial health?

Want to see what other hedge funds are holding FRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Floating Rate Income SFI (NYSE:FRA).

Institutional Ownership by Quarter for BlackRock Floating Rate Income SFI (NYSE:FRA)

Receive News & Ratings for BlackRock Floating Rate Income SFI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Floating Rate Income SFI and related companies with MarketBeat.com's FREE daily email newsletter.