Global Retirement Partners LLC Sells 3,632 Shares of BlackRock Floating Rate Income Trust (NYSE:BGT)

Global Retirement Partners LLC trimmed its stake in BlackRock Floating Rate Income Trust (NYSE:BGT) by 10.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,667 shares of the investment management company’s stock after selling 3,632 shares during the period. Global Retirement Partners LLC’s holdings in BlackRock Floating Rate Income Trust were worth $420,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Private Advisor Group LLC purchased a new position in shares of BlackRock Floating Rate Income Trust in the 3rd quarter worth approximately $152,000. Client First Capital LLC purchased a new position in BlackRock Floating Rate Income Trust in the fourth quarter worth $218,000. Horizon Kinetics Asset Management LLC increased its position in shares of BlackRock Floating Rate Income Trust by 56.0% during the third quarter. Horizon Kinetics Asset Management LLC now owns 19,778 shares of the investment management company’s stock worth $256,000 after purchasing an additional 7,100 shares in the last quarter. MONECO Advisors LLC lifted its holdings in shares of BlackRock Floating Rate Income Trust by 5.0% during the 3rd quarter. MONECO Advisors LLC now owns 24,377 shares of the investment management company’s stock valued at $315,000 after purchasing an additional 1,150 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in shares of BlackRock Floating Rate Income Trust by 2.7% in the 3rd quarter. MML Investors Services LLC now owns 96,891 shares of the investment management company’s stock worth $1,254,000 after purchasing an additional 2,531 shares in the last quarter.

BlackRock Floating Rate Income Trust Stock Performance

Shares of BGT stock opened at $12.66 on Monday. The stock’s 50-day simple moving average is $12.75 and its 200-day simple moving average is $12.88. BlackRock Floating Rate Income Trust has a fifty-two week low of $12.05 and a fifty-two week high of $13.97.

BlackRock Floating Rate Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.1203 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 11.41%. The ex-dividend date is Friday, February 14th.

BlackRock Floating Rate Income Trust Profile

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors.