Global Retirement Partners LLC Acquires Shares of 30,897 BlackRock Floating Rate Income Trust $BGT

Global Retirement Partners LLC bought a new stake in BlackRock Floating Rate Income Trust (NYSE:BGT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 30,897 shares of the investment management company’s stock, valued at approximately $387,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its stake in shares of BlackRock Floating Rate Income Trust by 6.2% in the second quarter. Rockefeller Capital Management L.P. now owns 17,209 shares of the investment management company’s stock worth $215,000 after buying an additional 1,009 shares during the last quarter. Cetera Investment Advisers acquired a new position in BlackRock Floating Rate Income Trust during the 2nd quarter worth $232,000. Trust Co. of Toledo NA OH acquired a new position in BlackRock Floating Rate Income Trust during the 2nd quarter worth $49,000. Reyes Financial Architecture Inc. bought a new stake in shares of BlackRock Floating Rate Income Trust in the 2nd quarter worth about $58,000. Finally, Advisors Asset Management Inc. raised its stake in shares of BlackRock Floating Rate Income Trust by 7.1% in the 1st quarter. Advisors Asset Management Inc. now owns 400,607 shares of the investment management company’s stock valued at $4,976,000 after purchasing an additional 26,558 shares in the last quarter.

BlackRock Floating Rate Income Trust Trading Up 0.3%

NYSE:BGT opened at $11.33 on Monday. BlackRock Floating Rate Income Trust has a one year low of $10.21 and a one year high of $13.59. The stock has a 50-day simple moving average of $11.77 and a 200 day simple moving average of $12.21.

BlackRock Floating Rate Income Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a $0.1203 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date was Friday, 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.