BlackRock Floating Rate Income Trust (NYSE:BGT) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Posted by George Bondi on Aug 5th, 2026

BlackRock Floating Rate Income Trust (NYSE:BGT – Get Free Report)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.70 and traded as high as $10.87. BlackRock Floating Rate Income Trust shares last traded at $10.84, with a volume of 156,513 shares.

BlackRock Floating Rate Income Trust Price Performance

The company’s 50 day moving average price is $10.70 and its two-hundred day moving average price is $10.91.

BlackRock Floating Rate Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.1203 dividend. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of BlackRock Floating Rate Income Trust by 12.0% in the first quarter. Royal Bank of Canada now owns 46,577 shares of the investment management company’s stock valued at $578,000 after purchasing an additional 4,997 shares during the last quarter. Cetera Investment Advisers acquired a new position in BlackRock Floating Rate Income Trust during the second quarter worth $232,000. Baird Financial Group Inc. boosted its stake in BlackRock Floating Rate Income Trust by 33.2% during the second quarter. Baird Financial Group Inc. now owns 160,791 shares of the investment management company’s stock worth $2,013,000 after buying an additional 40,096 shares during the last quarter. Ausdal Financial Partners Inc. purchased a new stake in BlackRock Floating Rate Income Trust in the 2nd quarter valued at $150,000. Finally, Jane Street Group LLC purchased a new stake in BlackRock Floating Rate Income Trust in the 2nd quarter valued at $138,000.

BlackRock Floating Rate Income Trust Company Profile

(Get Free Report)

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.