BlackRock Floating Rate Income Trust (NYSE:BGT – Get Free Report) declared a monthly dividend on Friday, February 27th. Investors of record on Friday, May 15th will be given a dividend of 0.1203 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date is Friday, May 15th.
BlackRock Floating Rate Income Trust Stock Performance
NYSE BGT opened at $10.93 on Wednesday. BlackRock Floating Rate Income Trust has a fifty-two week low of $10.22 and a fifty-two week high of $12.76. The business has a fifty day moving average price of $10.84 and a two-hundred day moving average price of $11.21.
Institutional Trading of BlackRock Floating Rate Income Trust
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in BlackRock Floating Rate Income Trust by 4.6% in the first quarter. Janney Montgomery Scott LLC now owns 23,492 shares of the investment management company’s stock valued at $253,000 after purchasing an additional 1,023 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of BlackRock Floating Rate Income Trust by 77.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,200 shares of the investment management company’s stock worth $36,000 after acquiring an additional 1,400 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of BlackRock Floating Rate Income Trust by 7.0% in the first quarter. Private Advisor Group LLC now owns 21,731 shares of the investment management company’s stock worth $234,000 after acquiring an additional 1,423 shares during the period. Invesco Ltd. increased its position in BlackRock Floating Rate Income Trust by 0.4% during the 3rd quarter. Invesco Ltd. now owns 347,858 shares of the investment management company’s stock valued at $4,226,000 after purchasing an additional 1,517 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of BlackRock Floating Rate Income Trust during the third quarter worth $26,000.
About BlackRock Floating Rate Income Trust
BlackRock Floating Rate Income Trust (NYSE: BGT) is a diversified, closed-end management investment company that seeks to generate current income by investing in floating rate debt instruments. Established and managed by BlackRock Advisors, the trust provides investors with exposure to senior secured loans, high-yield corporate debt, collateralized loan obligations (CLOs) and other floating rate credit products. By focusing on floating rate securities, the fund aims to offer protection against rising interest rates while pursuing consistent income generation.
The trust’s portfolio is constructed through an active, research-driven process led by a team of credit specialists within BlackRock’s Global Credit platform.
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