BlackRock Floating Rate Income Trust (NYSE:BGT) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

BlackRock Floating Rate Income Trust (NYSE:BGT)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.81 and traded as high as $12.82. BlackRock Floating Rate Income Trust shares last traded at $12.78, with a volume of 103,127 shares traded.

BlackRock Floating Rate Income Trust Price Performance

The firm’s 50-day moving average price is $12.81 and its 200-day moving average price is $12.88.

BlackRock Floating Rate Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.1203 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.44 dividend on an annualized basis and a yield of 11.29%.

Institutional Investors Weigh In On BlackRock Floating Rate Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BGT. Cary Street Partners Financial LLC purchased a new stake in shares of BlackRock Floating Rate Income Trust during the 4th quarter valued at about $129,000. XTX Topco Ltd bought a new stake in BlackRock Floating Rate Income Trust during the 4th quarter worth approximately $145,000. Private Advisor Group LLC bought a new stake in BlackRock Floating Rate Income Trust during the 3rd quarter worth approximately $152,000. StoneX Group Inc. bought a new stake in BlackRock Floating Rate Income Trust during the 4th quarter worth approximately $188,000. Finally, Client First Capital LLC bought a new stake in BlackRock Floating Rate Income Trust during the 4th quarter worth approximately $218,000.

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.