Park Avenue Securities LLC Buys 2,515 Shares of BlackRock Floating Rate Income SFI (NYSE:FRA)

Park Avenue Securities LLC lifted its stake in BlackRock Floating Rate Income SFI (NYSE:FRA) by 12.4% during the second quarter, HoldingsChannel reports. The firm owned 22,846 shares of the investment management company’s stock after purchasing an additional 2,515 shares during the period. Park Avenue Securities LLC’s holdings in BlackRock Floating Rate Income SFI were worth $293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Relative Value Partners Group LLC grew its holdings in shares of BlackRock Floating Rate Income SFI by 0.3% in the first quarter. Relative Value Partners Group LLC now owns 1,119,627 shares of the investment management company’s stock worth $13,995,000 after purchasing an additional 3,665 shares during the last quarter. Beach Point Capital Management LP bought a new position in shares of BlackRock Floating Rate Income SFI in the first quarter worth about $11,888,000. Shaker Financial Services LLC grew its holdings in shares of BlackRock Floating Rate Income SFI by 224.9% in the first quarter. Shaker Financial Services LLC now owns 173,736 shares of the investment management company’s stock worth $2,172,000 after purchasing an additional 120,257 shares during the last quarter. Mariner Investment Group LLC grew its holdings in shares of BlackRock Floating Rate Income SFI by 54.6% in the first quarter. Mariner Investment Group LLC now owns 158,158 shares of the investment management company’s stock worth $1,977,000 after purchasing an additional 55,888 shares during the last quarter. Finally, Securian Asset Management Inc grew its holdings in shares of BlackRock Floating Rate Income SFI by 1.9% in the first quarter. Securian Asset Management Inc now owns 121,045 shares of the investment management company’s stock worth $1,513,000 after purchasing an additional 2,200 shares during the last quarter.

NYSE:FRA traded down $0.05 during mid-day trading on Wednesday, reaching $12.69. The company’s stock had a trading volume of 3,725 shares, compared to its average volume of 156,505. BlackRock Floating Rate Income SFI has a 1 year low of $11.63 and a 1 year high of $13.98. The business’s fifty day simple moving average is $12.80.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a $0.069 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date is Wednesday, August 14th.

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.

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

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