Janney Montgomery Scott LLC Invests $365,000 in BlackRock Floating Rate Income Trust (NYSE:BGT)

Janney Montgomery Scott LLC bought a new position in shares of BlackRock Floating Rate Income Trust (NYSE:BGTGet Rating) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 33,647 shares of the investment management company’s stock, valued at approximately $365,000.

Other large investors have also modified their holdings of the company. Raymond James & Associates grew its holdings in shares of BlackRock Floating Rate Income Trust by 48.1% in the 1st quarter. Raymond James & Associates now owns 32,000 shares of the investment management company’s stock worth $408,000 after acquiring an additional 10,400 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of BlackRock Floating Rate Income Trust by 10.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 28,705 shares of the investment management company’s stock worth $366,000 after acquiring an additional 2,817 shares during the period. Private Advisor Group LLC acquired a new stake in shares of BlackRock Floating Rate Income Trust in the 1st quarter worth approximately $149,000. UBS Group AG grew its holdings in shares of BlackRock Floating Rate Income Trust by 16.5% in the 1st quarter. UBS Group AG now owns 361,948 shares of the investment management company’s stock worth $4,614,000 after acquiring an additional 51,296 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of BlackRock Floating Rate Income Trust in the 1st quarter worth approximately $252,000.

BlackRock Floating Rate Income Trust Stock Performance

BGT opened at $11.38 on Wednesday. The stock’s 50 day simple moving average is $11.17 and its 200 day simple moving average is $11.27. BlackRock Floating Rate Income Trust has a 1-year low of $10.56 and a 1-year high of $13.70.

BlackRock Floating Rate Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be issued a $0.0781 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date of this dividend is Thursday, January 12th.

BlackRock Floating Rate Income Trust Profile

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BlackRock Floating Rate Income Trust is a closed-end investment fund/investment trust. The company’s investment objective is to provide high level of current income and secondary objective to seek the preservation of capital to the extent consistent with its primary objective of high current income. The company was founded in August 2004 and is headquartered in Wilmington, DE.

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Institutional Ownership by Quarter for BlackRock Floating Rate Income Trust (NYSE:BGT)

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