BlackRock Floating Rate Income Trust (NYSE:BGT) Shares Sold by MONECO Advisors LLC

MONECO Advisors LLC reduced its holdings in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 5.1% during the 4th quarter, HoldingsChannel reports. The firm owned 23,125 shares of the investment management company’s stock after selling 1,252 shares during the period. MONECO Advisors LLC’s holdings in BlackRock Floating Rate Income Trust were worth $297,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BGT. Private Advisor Group LLC purchased a new position in shares of BlackRock Floating Rate Income Trust during the third quarter worth about $152,000. Client First Capital LLC acquired a new stake in BlackRock Floating Rate Income Trust during the 4th quarter worth approximately $218,000. Horizon Kinetics Asset Management LLC grew its stake in shares of BlackRock Floating Rate Income Trust by 56.0% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 19,778 shares of the investment management company’s stock valued at $256,000 after purchasing an additional 7,100 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of BlackRock Floating Rate Income Trust by 2.7% in 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 purchasing an additional 2,531 shares during the period. Finally, Graypoint LLC raised its stake in shares of BlackRock Floating Rate Income Trust by 2.8% during the third quarter. Graypoint LLC now owns 189,418 shares of the investment management company’s stock worth $2,451,000 after purchasing an additional 5,206 shares during the last quarter.

BlackRock Floating Rate Income Trust Trading Down 1.2 %

NYSE:BGT opened at $12.54 on Tuesday. The firm’s fifty day moving average price is $12.74 and its 200 day moving average price is $12.88. BlackRock Floating Rate Income Trust has a 1-year low of $12.05 and a 1-year high of $13.97.

BlackRock Floating Rate Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.1203 per share. The ex-dividend date is Friday, February 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.51%.

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.