Graypoint LLC Buys 5,320 Shares of BlackRock Floating Rate Income Trust (NYSE:BGT)

Graypoint LLC lifted its position in BlackRock Floating Rate Income Trust (NYSE:BGT) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,738 shares of the investment management company’s stock after purchasing an additional 5,320 shares during the quarter. Graypoint LLC’s holdings in BlackRock Floating Rate Income Trust were worth $2,504,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new position in BlackRock Floating Rate Income Trust during the third quarter valued at $152,000. MONECO Advisors LLC raised its position in BlackRock Floating Rate Income Trust by 5.0% in the 3rd 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. Penserra Capital Management LLC bought a new stake in BlackRock Floating Rate Income Trust in the third quarter worth about $8,284,000. Horizon Kinetics Asset Management LLC boosted its position in shares of BlackRock Floating Rate Income Trust by 56.0% during the third quarter. Horizon Kinetics Asset Management LLC now owns 19,778 shares of the investment management company’s stock valued at $256,000 after buying an additional 7,100 shares during the period. Finally, MML Investors Services LLC boosted its position in shares of BlackRock Floating Rate Income Trust by 2.7% during the third quarter. MML Investors Services LLC now owns 96,891 shares of the investment management company’s stock valued at $1,254,000 after buying an additional 2,531 shares during the period.

BlackRock Floating Rate Income Trust Trading Down 1.4 %

BGT stock traded down $0.18 during trading on Friday, hitting $12.63. The company had a trading volume of 271,820 shares, compared to its average volume of 186,587. BlackRock Floating Rate Income Trust has a 52-week low of $12.01 and a 52-week high of $13.97. The company has a 50 day simple moving average of $13.03 and a 200-day simple moving average of $12.95.

BlackRock Floating Rate Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.1203 dividend. This represents a $1.44 annualized dividend and a dividend yield of 11.43%. The ex-dividend date is Wednesday, January 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.