BlackRock Floating Rate Income Trust (NYSE:BGT) Position Cut by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC lowered its holdings in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 13.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,500 shares of the investment management company’s stock after selling 3,511 shares during the period. Hunter Associates Investment Management LLC’s holdings in BlackRock Floating Rate Income Trust were worth $291,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in BlackRock Floating Rate Income Trust by 6.4% in 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 during the period. Graypoint LLC lifted its holdings in shares of 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 buying an additional 5,073 shares during the period. Avantax Advisory Services Inc. boosted its stake 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 buying an additional 2,112 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in BlackRock Floating Rate Income Trust during the third quarter worth about $152,000.

BlackRock Floating Rate Income Trust Trading Down 0.5 %

Shares of BlackRock Floating Rate Income Trust stock opened at $13.03 on Wednesday. BlackRock Floating Rate Income Trust has a 52 week low of $11.34 and a 52 week high of $13.97. The company’s 50-day moving average price is $12.87 and its two-hundred day moving average price is $12.94.

BlackRock Floating Rate Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.1203 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.08%.

BlackRock Floating Rate Income Trust 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.