BlackRock Floating Rate Income Trust (NYSE:BGT) Stock Crosses Below 50-Day Moving Average of $13.05

BlackRock Floating Rate Income Trust (NYSE:BGTGet Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $13.05 and traded as low as $12.84. BlackRock Floating Rate Income Trust shares last traded at $12.90, with a volume of 181,185 shares traded.

BlackRock Floating Rate Income Trust Trading Down 1.2 %

The business’s fifty day moving average price is $13.05 and its 200 day moving average price is $12.81.

BlackRock Floating Rate Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be issued a dividend of $0.1203 per share. This represents a $1.44 annualized dividend and a yield of 11.19%. The ex-dividend date is Monday, July 15th.

Institutional Investors Weigh In On BlackRock Floating Rate Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its position in shares of 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 worth $5,489,000 after buying an additional 25,614 shares during the period. Avantax Advisory Services Inc. grew its holdings in BlackRock Floating Rate Income Trust by 12.7% during the first quarter. Avantax Advisory Services Inc. now owns 18,735 shares of the investment management company’s stock valued at $243,000 after purchasing an additional 2,112 shares during the period. Graypoint LLC grew its holdings in BlackRock Floating Rate Income Trust by 2.9% during the first quarter. Graypoint LLC now owns 179,139 shares of the investment management company’s stock valued at $2,325,000 after purchasing an additional 5,010 shares during the period. MONECO Advisors LLC grew its holdings in BlackRock Floating Rate Income Trust by 31.6% during the first quarter. MONECO Advisors LLC now owns 23,227 shares of the investment management company’s stock valued at $301,000 after purchasing an additional 5,582 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in BlackRock Floating Rate Income Trust during the first quarter valued at approximately $513,000.

BlackRock Floating Rate Income Trust Company Profile

(Get Free Report)

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.

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