Graypoint LLC Has $2.45 Million Position in BlackRock Floating Rate Income Trust (NYSE:BGT)

Graypoint LLC increased its position in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 2.8% during the third quarter, Holdings Channel reports. The institutional investor owned 189,418 shares of the investment management company’s stock after purchasing an additional 5,206 shares during the quarter. Graypoint LLC’s holdings in BlackRock Floating Rate Income Trust were worth $2,451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Advisor Group LLC bought a new stake in shares of BlackRock Floating Rate Income Trust during the third quarter worth $152,000. Avantax Advisory Services Inc. boosted its holdings in BlackRock Floating Rate Income Trust by 12.7% in the first quarter. Avantax Advisory Services Inc. now owns 18,735 shares of the investment management company’s stock valued at $243,000 after acquiring an additional 2,112 shares during the last quarter. MONECO Advisors LLC increased its position in BlackRock Floating Rate Income Trust by 5.0% in the third quarter. MONECO Advisors LLC now owns 24,377 shares of the investment management company’s stock worth $315,000 after purchasing an additional 1,150 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in BlackRock Floating Rate Income Trust by 6.4% during the 1st quarter. Advisors Asset Management Inc. now owns 422,855 shares of the investment management company’s stock valued at $5,489,000 after purchasing an additional 25,614 shares during the period.

BlackRock Floating Rate Income Trust Stock Down 0.7 %

Shares of BGT stock opened at $13.02 on Thursday. The firm’s 50 day moving average price is $12.91 and its two-hundred day moving average price is $12.96. BlackRock Floating Rate Income Trust has a 52-week low of $11.77 and a 52-week high of $13.97.

BlackRock Floating Rate Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.1203 per share. This represents a $1.44 annualized dividend and a yield of 11.09%. The ex-dividend date is Friday, November 15th.

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.