Global Retirement Partners LLC Reduces Holdings in BlackRock Floating Rate Income Trust (NYSE:BGT)

Global Retirement Partners LLC cut its stake in BlackRock Floating Rate Income Trust (NYSE:BGT) by 10.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 32,667 shares of the investment management company’s stock after selling 3,632 shares during the quarter. Global Retirement Partners LLC’s holdings in BlackRock Floating Rate Income Trust were worth $420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new stake in shares of BlackRock Floating Rate Income Trust during the third quarter worth about $152,000. Client First Capital LLC acquired a new stake in shares of BlackRock Floating Rate Income Trust in the 4th quarter valued at about $218,000. Horizon Kinetics Asset Management LLC grew its stake in BlackRock Floating Rate Income Trust by 56.0% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 19,778 shares of the investment management company’s stock worth $256,000 after buying an additional 7,100 shares during the last quarter. MONECO Advisors LLC increased its position in BlackRock Floating Rate Income Trust by 5.0% during the third quarter. MONECO Advisors LLC now owns 24,377 shares of the investment management company’s stock worth $315,000 after buying an additional 1,150 shares during the period. Finally, MML Investors Services LLC lifted its stake in BlackRock Floating Rate Income Trust by 2.7% in the third quarter. MML Investors Services LLC now owns 96,891 shares of the investment management company’s stock valued at $1,254,000 after buying an additional 2,531 shares during the last quarter.

BlackRock Floating Rate Income Trust Trading Down 0.1 %

BGT stock opened at $12.66 on Monday. BlackRock Floating Rate Income Trust has a 12 month low of $12.05 and a 12 month high of $13.97. The company has a fifty day moving average price of $12.75 and a 200 day moving average price of $12.88.

BlackRock Floating Rate Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.1203 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.44 dividend on an annualized basis and a yield of 11.41%.

BlackRock Floating Rate Income Trust Company 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.