Blackrock Floating Rate Income Stock News

BlackRock announced its latest distributions earlier this month, with several boosts and cuts. Of those that boosted, two of those were FRA and BGT.

The latest semi-annual report shows FRA had covered its distribution in the last six months. That was from the prior reporting period, when they had trimmed the payout.

FRA is trading around some of the lowest discount levels it has ever experienced. There are risks, but some of these risks seem to be largely factored in due to the valuation.

Recent market volatility has opened up discount valuation divergences between very similar CEFs.

VVR: Higher Rates Could Benefit This Fund

FRA is invested in mostly floating rate loans; these should benefit and act as a hedge with higher rates coming. The fund currently sports a 5.8% distribution yield that is quite attractive for income

Shaker Financial Services LLC reduced its stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 23.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 115,750 shares of the investment management companys stock after selling 34,824 shares during the quarter. []

Waterfront Wealth Inc. trimmed its holdings in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 8.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,458 shares of the investment management company’s stock after selling 3,887 […]

Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,973 shares of the investment management companys stock after buying an additional 1,443 []

Blackstone Strategic Credit Fund: Worth Exploring When Higher Rates Come

As we enter the fourth quarter of 2021, we are inching closer to the eventual rate hikes from the Fed. We've been continuing to monitor the senior loan fund space to find some opportunities worth expl

FRA showed up as one of the top choices for a senior loan fund in our latest screening. The fund's discount has narrowed significantly since that time but remains a viable option to consider for takin