10,000 Shares in BlackRock Floating Rate Income Trust (NYSE:BGT) Purchased by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC bought a new stake in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the investment management company’s stock, valued at approximately $129,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Guggenheim Capital LLC grew its stake in shares of BlackRock Floating Rate Income Trust by 38.7% in the fourth quarter. Guggenheim Capital LLC now owns 981,677 shares of the investment management company’s stock worth $12,624,000 after acquiring an additional 273,835 shares during the period. LPL Financial LLC boosted its holdings in BlackRock Floating Rate Income Trust by 19.3% in the fourth quarter. LPL Financial LLC now owns 486,324 shares of the investment management company’s stock worth $6,254,000 after purchasing an additional 78,573 shares during the last quarter. Raymond James Financial Inc. bought a new stake in BlackRock Floating Rate Income Trust in the 4th quarter worth approximately $705,000. LaSalle St. Investment Advisors LLC purchased a new stake in BlackRock Floating Rate Income Trust during the 4th quarter valued at $298,000. Finally, Client First Capital LLC purchased a new stake in BlackRock Floating Rate Income Trust during the 4th quarter valued at $218,000.

BlackRock Floating Rate Income Trust Price Performance

NYSE BGT opened at $12.09 on Monday. BlackRock Floating Rate Income Trust has a 1-year low of $10.21 and a 1-year high of $13.97. The business’s fifty day moving average price is $12.10 and its 200-day moving average price is $12.60.

BlackRock Floating Rate Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a dividend of $0.1203 per share. This represents a $1.44 dividend on an annualized basis and a yield of 11.94%. The ex-dividend date of this dividend is Thursday, May 15th.

About BlackRock Floating Rate Income Trust

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.