BlackRock Floating Rate Income Trust (NYSE:BGT) Shares Bought by Graypoint LLC

Graypoint LLC grew its holdings in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 2.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 184,212 shares of the investment management company’s stock after acquiring an additional 5,073 shares during the period. Graypoint LLC’s holdings in BlackRock Floating Rate Income Trust were worth $2,351,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Principal Securities Inc. bought a new position in shares of BlackRock Floating Rate Income Trust during the fourth quarter worth about $29,000. Avantax Advisory Services Inc. bought a new position in shares of BlackRock Floating Rate Income Trust during the fourth quarter worth about $206,000. MONECO Advisors LLC bought a new position in shares of BlackRock Floating Rate Income Trust during the fourth quarter worth about $218,000. Jones Road Capital Management L.P. lifted its position in shares of BlackRock Floating Rate Income Trust by 8.1% during the fourth quarter. Jones Road Capital Management L.P. now owns 40,311 shares of the investment management company’s stock worth $499,000 after purchasing an additional 3,011 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of BlackRock Floating Rate Income Trust during the first quarter worth about $513,000.

BlackRock Floating Rate Income Trust Stock Performance

Shares of BGT stock traded down $0.03 during trading hours on Friday, hitting $12.69. 134,443 shares of the company were exchanged, compared to its average volume of 105,319. BlackRock Floating Rate Income Trust has a one year low of $11.23 and a one year high of $13.97. The business’s 50-day simple moving average is $12.90 and its two-hundred day simple moving average is $12.97.

BlackRock Floating Rate Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.44 dividend on an annualized basis and a yield of 11.35%.

About BlackRock Floating Rate Income Trust

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.