Institutional Investors Hate on Blackrock Floating Rate Income Strategies Fund Inc Falls

June 16, 2018 - By Vivian Currie

Sentiment for Blackrock Floating Rate Income Strategies Fund Inc (NYSE:FRA)

Blackrock Floating Rate Income Strategies Fund Inc (NYSE:FRA) institutional sentiment decreased to 0.93 in 2018 Q1. Its down -0.40, from 1.33 in 2017Q4. The ratio has dropped, as 28 institutional investors increased or started new positions, while 30 reduced and sold their holdings in Blackrock Floating Rate Income Strategies Fund Inc. The institutional investors in our partner’s database now have: 7.55 million shares, up from 7.53 million shares in 2017Q4. Also, the number of institutional investors holding Blackrock Floating Rate Income Strategies Fund Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 16 Reduced: 14 Increased: 19 New Position: 9.

The stock increased 0.93% or $0.13 during the last trading session, reaching $14.14. About 209,324 shares traded or 23.92% up from the average. Blackrock Floating Rate Income (NYSE:FRA) has declined 2.62% since June 16, 2017 and is downtrending. It has underperformed by 15.19% the S&P500.

Restructuring Capital Associates Lp holds 4.93% of its portfolio in Blackrock Floating Rate Income for 597,621 shares. First Foundation Advisors owns 426,444 shares or 0.35% of their US portfolio. Moreover, Jaffetilchin Investment Partners Llc has 0.33% invested in the company for 102,219 shares. The Florida-based Provise Management Group Llc has invested 0.3% in the stock. Alphamark Advisors Llc, a Kentucky-based fund reported 46,200 shares.

More news for Blackrock Floating Rate Income (NYSE:FRA) were recently published by: Etfdailynews.com, which released: “High-Yield Buys For A Rising Rate Environment (FRA)” on May 23, 2018. Investorplace.com‘s article titled: “These Overlooked Income-Generating Assets Are the Antidote for a Bummer Market” and published on May 30, 2018 is yet another important article.

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