Shaker Financial Services LLC Cuts Position in BlackRock Floating Rate Income Trust (NYSE:BGT)

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Shaker Financial Services LLC lessened its holdings in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 7.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,483 shares of the investment management company’s stock after selling 3,000 shares during the quarter. Shaker Financial Services LLC’s holdings in BlackRock Floating Rate Income Trust were worth $432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Advisor Group Holdings Inc. grew its position in shares of BlackRock Floating Rate Income Trust by 7.2% in the 2nd quarter. Advisor Group Holdings Inc. now owns 20,147 shares of the investment management company’s stock worth $220,000 after acquiring an additional 1,345 shares in the last quarter. Samalin Investment Counsel LLC raised its stake in BlackRock Floating Rate Income Trust by 6.1% during the 2nd quarter. Samalin Investment Counsel LLC now owns 31,871 shares of the investment management company’s stock valued at $349,000 after acquiring an additional 1,846 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in BlackRock Floating Rate Income Trust by 18.2% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 16,200 shares of the investment management company’s stock valued at $178,000 after acquiring an additional 2,500 shares in the last quarter. Private Advisor Group LLC bought a new stake in BlackRock Floating Rate Income Trust during the 2nd quarter valued at $32,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in BlackRock Floating Rate Income Trust by 25.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 32,897 shares of the investment management company’s stock valued at $361,000 after acquiring an additional 6,702 shares in the last quarter.

Shares of BlackRock Floating Rate Income Trust stock opened at $11.53 on Tuesday. The business’s fifty day moving average price is $11.35 and its two-hundred day moving average price is $11.13. BlackRock Floating Rate Income Trust has a 1-year low of $7.20 and a 1-year high of $13.30.

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.076 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date of this dividend is Friday, November 13th.

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.

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Institutional Ownership by Quarter for BlackRock Floating Rate Income Trust (NYSE:BGT)

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