Global Retirement Partners LLC Sells 67,077 Shares of BlackRock Floating Rate Income Trust (NYSE:BGT)

Global Retirement Partners LLC cut its holdings in BlackRock Floating Rate Income Trust (NYSE:BGT) by 64.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,299 shares of the investment management company’s stock after selling 67,077 shares during the quarter. Global Retirement Partners LLC’s holdings in BlackRock Floating Rate Income Trust were worth $470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Graypoint LLC boosted its stake in BlackRock Floating Rate Income Trust by 2.8% in the second quarter. Graypoint LLC now owns 184,212 shares of the investment management company’s stock valued at $2,351,000 after acquiring an additional 5,073 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of BlackRock Floating Rate Income Trust by 6.4% during the first quarter. Advisors Asset Management Inc. now owns 422,855 shares of the investment management company’s stock worth $5,489,000 after purchasing an additional 25,614 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in shares of 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 worth $243,000 after purchasing an additional 2,112 shares in the last quarter.

BlackRock Floating Rate Income Trust Price Performance

Shares of NYSE BGT opened at $13.01 on Tuesday. The company’s fifty day moving average is $12.86 and its 200-day moving average is $12.95. BlackRock Floating Rate Income Trust has a twelve month low of $11.23 and a twelve month high of $13.97.

BlackRock Floating Rate Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.1203 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.09%.

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.