Rivernorth Capital Management LLC Purchases 88,313 Shares of BlackRock Floating Rate Income SFI (NYSE:FRA)

Rivernorth Capital Management LLC increased its position in shares of BlackRock Floating Rate Income SFI (NYSE:FRA) by 13.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 769,532 shares of the investment management company’s stock after acquiring an additional 88,313 shares during the period. Rivernorth Capital Management LLC’s holdings in BlackRock Floating Rate Income SFI were worth $9,873,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FRA. Zazove Associates LLC grew its position in BlackRock Floating Rate Income SFI by 4,940.7% during the 2nd quarter. Zazove Associates LLC now owns 1,929,397 shares of the investment management company’s stock worth $491,000 after acquiring an additional 1,891,121 shares during the last quarter. Virtus ETF Advisers LLC bought a new stake in shares of BlackRock Floating Rate Income SFI in the 2nd quarter valued at about $2,252,000. Invesco Ltd. grew its position in shares of BlackRock Floating Rate Income SFI by 18.0% in the 2nd quarter. Invesco Ltd. now owns 537,461 shares of the investment management company’s stock valued at $6,896,000 after buying an additional 81,922 shares during the last quarter. Mariner Investment Group LLC grew its position in shares of BlackRock Floating Rate Income SFI by 54.6% in the 1st quarter. Mariner Investment Group LLC now owns 158,158 shares of the investment management company’s stock valued at $1,977,000 after buying an additional 55,888 shares during the last quarter. Finally, Next Capital Management LLC grew its position in shares of BlackRock Floating Rate Income SFI by 34.6% in the 2nd quarter. Next Capital Management LLC now owns 216,600 shares of the investment management company’s stock valued at $2,779,000 after buying an additional 55,631 shares during the last quarter.

Shares of NYSE FRA traded up $0.04 during trading on Friday, reaching $12.65. The company had a trading volume of 53,090 shares, compared to its average volume of 155,231. The company’s fifty day moving average price is $12.60 and its 200-day moving average price is $12.76. BlackRock Floating Rate Income SFI has a 12 month low of $11.63 and a 12 month high of $13.85.



The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.069 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 6.55%.

BlackRock Floating Rate Income SFI Profile

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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