Crescent Capital Group Lp Lowers stake in BlackRock Floating Rate Income Strat. Fn (FRA)

BlackRock Floating Rate Income Strat. Fn (FRA) : Crescent Capital Group Lp reduced its stake in BlackRock Floating Rate Income Strat. Fn by 37.5% during the most recent quarter end. The investment management company now holds a total of 22,500 shares of BlackRock Floating Rate Income Strat. Fn which is valued at $303,750 after selling 13,500 shares in BlackRock Floating Rate Income Strat. Fn , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.BlackRock Floating Rate Income Strat. Fn makes up approximately 0.35% of Crescent Capital Group Lp’s portfolio.

Other Hedge Funds, Including , Guggenheim Capital reduced its stake in FRA by selling 35,871 shares or 5.83% in the most recent quarter. The Hedge Fund company now holds 579,801 shares of FRA which is valued at $7,827,314. BlackRock Floating Rate Income Strat. Fn makes up approx 0.02% of Guggenheim Capital’s portfolio. Doliver Capital Advisors added FRA to its portfolio by purchasing 20,697 company shares during the most recent quarter which is valued at $279,410. BlackRock Floating Rate Income Strat. Fn makes up approx 0.23% of Doliver Capital Advisors’s portfolio.Advisors Asset Management reduced its stake in FRA by selling 23,276 shares or 4.84% in the most recent quarter. The Hedge Fund company now holds 457,396 shares of FRA which is valued at $6,124,532. BlackRock Floating Rate Income Strat. Fn makes up approx 0.10% of Advisors Asset Management’s portfolio.Msi Financial Services Inc reduced its stake in FRA by selling 51,829 shares or 65.0% in the most recent quarter. The Hedge Fund company now holds 27,906 shares of FRA which is valued at $377,010. BlackRock Floating Rate Income Strat. Fn makes up approx 0.01% of Msi Financial Services Inc’s portfolio.

BlackRock Floating Rate Income Strat. Fn closed down -0.04 points or -0.29% at $13.66 with 1,17,877 shares getting traded on Thursday. Post opening the session at $13.67, the shares hit an intraday low of $13.65 and an intraday high of $13.7 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *