BlackRock Floating Rate Income Trust (NYSE:BGT) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 26.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,170 shares of the investment management company’s stock after selling 13,594 shares during the quarter. Envestnet Asset Management Inc.’s holdings in BlackRock Floating Rate Income Trust were worth $468,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Virtus ETF Advisers LLC acquired a new position in shares of BlackRock Floating Rate Income Trust in the second quarter worth about $2,205,000. Robinson Capital Management LLC lifted its stake in shares of BlackRock Floating Rate Income Trust by 387.4% in the second quarter. Robinson Capital Management LLC now owns 96,984 shares of the investment management company’s stock worth $1,208,000 after acquiring an additional 77,084 shares in the last quarter. Morgan Stanley lifted its stake in shares of BlackRock Floating Rate Income Trust by 10.9% in the second quarter. Morgan Stanley now owns 719,322 shares of the investment management company’s stock worth $8,934,000 after acquiring an additional 70,491 shares in the last quarter. Invesco Ltd. lifted its stake in shares of BlackRock Floating Rate Income Trust by 22.5% in the second quarter. Invesco Ltd. now owns 371,716 shares of the investment management company’s stock worth $4,617,000 after acquiring an additional 68,151 shares in the last quarter. Finally, 6 Meridian acquired a new position in shares of BlackRock Floating Rate Income Trust in the second quarter worth about $461,000.

In related news, insider May Peter 792,005 shares of the firm’s stock in a transaction that occurred on Friday, November 1st.

NYSE:BGT opened at $12.57 on Thursday. BlackRock Floating Rate Income Trust has a one year low of $11.26 and a one year high of $12.79. The business’s 50-day simple moving average is $12.35 and its 200 day simple moving average is $12.38.

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.076 dividend. This represents a $0.91 annualized dividend and a dividend yield of 7.26%. The ex-dividend date is Thursday, November 14th.

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.

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Institutional Ownership by Quarter for BlackRock Floating Rate Income Trust (NYSE:BGT)

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