Integrity Alliance LLC. raised its stake in BlackRock Floating Rate Income Trust (NYSE:BGT – Free Report) by 64.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 731,157 shares of the investment management company’s stock after acquiring an additional 287,787 shares during the period. Integrity Alliance LLC.’s holdings in BlackRock Floating Rate Income Trust were worth $7,684,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of BlackRock Floating Rate Income Trust during the 2nd quarter worth $27,000. CoreCap Advisors LLC raised its stake in BlackRock Floating Rate Income Trust by 100.0% in the second quarter. CoreCap Advisors LLC now owns 2,600 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 1,300 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in BlackRock Floating Rate Income Trust during the first quarter worth about $60,000. LaSalle St. Investment Advisors LLC bought a new stake in BlackRock Floating Rate Income Trust during the second quarter worth about $120,000. Finally, BlackRock Inc. acquired a new stake in BlackRock Floating Rate Income Trust during the second quarter worth about $140,000.
BlackRock Floating Rate Income Trust Trading Down 0.2%
Shares of BlackRock Floating Rate Income Trust stock opened at $9.89 on Wednesday. BlackRock Floating Rate Income Trust has a 12-month low of $9.71 and a 12-month high of $11.88. The firm’s 50-day moving average price is $10.49 and its two-hundred day moving average price is $10.81.
BlackRock Floating Rate Income Trust Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a dividend of $0.1203 per share. The ex-dividend date is Friday, December 11th. This represents a $1.44 annualized dividend and a dividend yield of 14.6%.
BlackRock Floating Rate Income Trust Profile
BlackRock Floating Rate Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol BGT. The fund seeks to provide a high level of current income, with a secondary objective of capital appreciation.
The trust invests primarily in floating-rate loans and other floating-rate debt instruments, including senior secured corporate loans. These investments are generally made in below-investment-grade or unrated issuers and are designed to provide exposure to income-producing corporate credit while limiting sensitivity to changes in prevailing interest rates.
BlackRock Floating Rate Income Trust is managed by BlackRock Advisors, LLC, an affiliate of BlackRock, Inc The portfolio may invest in issuers across a range of industries and geographic markets, with an emphasis on the U.S.
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