ProVise Management Group LLC Has $656,000 Holdings in BlackRock Floating Rate Income Trust (NYSE:BGT)

ProVise Management Group LLC cut its holdings in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,980 shares of the investment management company’s stock after selling 965 shares during the quarter. ProVise Management Group LLC’s holdings in BlackRock Floating Rate Income Trust were worth $656,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Principal Securities Inc. acquired a new position in shares of BlackRock Floating Rate Income Trust in the fourth quarter valued at $29,000. Avantax Advisory Services Inc. acquired a new position in shares of BlackRock Floating Rate Income Trust in the fourth quarter valued at $206,000. Commonwealth Equity Services LLC raised its stake in shares of BlackRock Floating Rate Income Trust by 9.2% in the third quarter. Commonwealth Equity Services LLC now owns 17,619 shares of the investment management company’s stock valued at $213,000 after purchasing an additional 1,486 shares in the last quarter. MONECO Advisors LLC bought a new stake in BlackRock Floating Rate Income Trust in the fourth quarter valued at $218,000. Finally, Conning Inc. grew its position in BlackRock Floating Rate Income Trust by 3.9% in the fourth quarter. Conning Inc. now owns 25,307 shares of the investment management company’s stock valued at $313,000 after acquiring an additional 949 shares during the period.

BlackRock Floating Rate Income Trust Stock Performance

NYSE:BGT traded down $0.21 during trading hours on Friday, reaching $13.06. The company had a trading volume of 130,920 shares, compared to its average volume of 104,457. The stock has a 50-day moving average of $13.07 and a two-hundred day moving average of $12.60. BlackRock Floating Rate Income Trust has a one year low of $10.95 and a one year high of $13.97.

BlackRock Floating Rate Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 11.03%. The ex-dividend date is Tuesday, May 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.