Cary Street Partners Financial LLC Invests $129,000 in BlackRock Floating Rate Income Trust (NYSE:BGT)

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

Several other hedge funds also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in BlackRock Floating Rate Income Trust during the fourth quarter valued at about $145,000. StoneX Group Inc. bought a new stake in BlackRock Floating Rate Income Trust during the 4th quarter valued at approximately $188,000. Client First Capital LLC bought a new stake in BlackRock Floating Rate Income Trust during the 4th quarter valued at approximately $218,000. LaSalle St. Investment Advisors LLC purchased a new position in BlackRock Floating Rate Income Trust in the 4th quarter worth approximately $298,000. Finally, Avantax Advisory Services Inc. boosted its stake in BlackRock Floating Rate Income Trust by 60.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 33,005 shares of the investment management company’s stock worth $424,000 after purchasing an additional 12,447 shares during the period.

BlackRock Floating Rate Income Trust Stock Up 0.2%

Shares of 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 company has a 50 day simple moving average of $12.10 and a two-hundred day simple moving average of $12.60.

BlackRock Floating Rate Income Trust Dividend Announcement

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

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.