BlackRock Floating Rate Income Trust (NYSE:BGT) Shares Cross Below 200 Day Moving Average – Should You Sell?

Posted by Stanley Muller on Jun 12th, 2026

Shares of BlackRock Floating Rate Income Trust (NYSE:BGT – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.09 and traded as low as $10.68. BlackRock Floating Rate Income Trust shares last traded at $10.7540, with a volume of 178,589 shares traded.

BlackRock Floating Rate Income Trust Price Performance

The stock has a 50-day moving average of $10.87 and a 200-day moving average of $11.09.

BlackRock Floating Rate Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.1203 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On BlackRock Floating Rate Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BGT. Royal Bank of Canada raised its position 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 worth $578,000 after buying an additional 4,997 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of BlackRock Floating Rate Income Trust in the second quarter worth $232,000. Baird Financial Group Inc. raised its position in shares of BlackRock Floating Rate Income Trust by 33.2% in 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 in the last quarter. Ausdal Financial Partners Inc. purchased a new stake in BlackRock Floating Rate Income Trust during the second quarter valued at about $150,000. Finally, Jane Street Group LLC purchased a new stake in BlackRock Floating Rate Income Trust during the second quarter valued at about $138,000.

About BlackRock Floating Rate Income Trust

(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.