Janney Montgomery Scott LLC Lowers Stock Holdings in BlackRock Floating Rate Income SFI (NYSE:FRA)

Janney Montgomery Scott LLC reduced its stake in BlackRock Floating Rate Income SFI (NYSE:FRA) by 16.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 81,077 shares of the investment management company’s stock after selling 15,959 shares during the quarter. Janney Montgomery Scott LLC’s holdings in BlackRock Floating Rate Income SFI were worth $1,023,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FRA. Sheaff Brock Investment Advisors LLC raised its holdings in shares of BlackRock Floating Rate Income SFI by 33.1% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 36,200 shares of the investment management company’s stock valued at $457,000 after purchasing an additional 9,000 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of BlackRock Floating Rate Income SFI during the 3rd quarter worth approximately $67,000. Capital Investment Advisors LLC boosted its position in shares of BlackRock Floating Rate Income SFI by 1.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 79,585 shares of the investment management company’s stock worth $1,004,000 after acquiring an additional 1,184 shares in the last quarter. 6 Meridian acquired a new stake in shares of BlackRock Floating Rate Income SFI during the 3rd quarter worth approximately $682,000. Finally, CWM LLC boosted its position in shares of BlackRock Floating Rate Income SFI by 1,633.1% during the 3rd quarter. CWM LLC now owns 8,700 shares of the investment management company’s stock worth $110,000 after acquiring an additional 8,198 shares in the last quarter.

Several analysts recently issued reports on the stock. UBS Group reiterated a “buy” rating and set a $90.00 price target on shares of BlackRock Floating Rate Income SFI in a research report on Saturday, November 2nd. Deutsche Bank reissued a “buy” rating and issued a $82.00 price objective on shares of BlackRock Floating Rate Income SFI in a research note on Saturday, November 2nd. Finally, HSBC reissued a “buy” rating and issued a $83.00 price objective on shares of BlackRock Floating Rate Income SFI in a research note on Friday, October 18th.

Shares of NYSE:FRA opened at $12.79 on Friday. The firm has a 50 day simple moving average of $12.63 and a 200 day simple moving average of $12.73. BlackRock Floating Rate Income SFI has a one year low of $11.63 and a one year high of $13.14.

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.079 dividend. This represents a $0.95 annualized dividend and a yield of 7.41%. The ex-dividend date of this dividend is Thursday, November 14th.

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.

Further Reading: What is the Moving Average Convergence Divergence (MACD) oscillator?

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

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