Waterfront Wealth Inc. Reduces Position in BlackRock Floating Rate Income Trust (NYSE:BGT)

Waterfront Wealth Inc. decreased its position in BlackRock Floating Rate Income Trust (NYSE:BGT) by 84.6% during the 4th quarter, Holdings Channel reports. The firm owned 10,638 shares of the investment management company’s stock after selling 58,608 shares during the period. Waterfront Wealth Inc.’s holdings in BlackRock Floating Rate Income Trust were worth $137,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BGT. Penserra Capital Management LLC bought a new stake in BlackRock Floating Rate Income Trust in the 3rd quarter worth $8,284,000. Graypoint LLC boosted its holdings in shares of BlackRock Floating Rate Income Trust by 2.8% during the fourth quarter. Graypoint LLC now owns 194,738 shares of the investment management company’s stock worth $2,504,000 after purchasing an additional 5,320 shares during the period. MML Investors Services LLC grew its stake 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 worth $1,254,000 after purchasing an additional 2,531 shares during the last quarter. MONECO Advisors LLC increased its holdings in BlackRock Floating Rate Income Trust by 5.0% during the 3rd quarter. MONECO Advisors LLC now owns 24,377 shares of the investment management company’s stock valued at $315,000 after purchasing an additional 1,150 shares during the period. Finally, Horizon Kinetics Asset Management LLC raised its position in BlackRock Floating Rate Income Trust by 56.0% during 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.

BlackRock Floating Rate Income Trust Trading Down 0.1 %

NYSE BGT opened at $12.66 on Friday. BlackRock Floating Rate Income Trust has a fifty-two week low of $12.05 and a fifty-two week high of $13.97. The stock has a 50 day simple moving average of $12.75 and a two-hundred day simple moving average of $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. Investors of record on Friday, February 14th will be issued a $0.1203 dividend. This represents a $1.44 annualized dividend and a yield of 11.41%. The ex-dividend date is Friday, February 14th.

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.