Ameriprise Financial Inc. Decreases Stake in BlackRock Floating Rate Income Trust (NYSE:BGT)

Ameriprise Financial Inc. reduced its stake in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 630,386 shares of the investment management company’s stock after selling 12,018 shares during the period. Ameriprise Financial Inc.’s holdings in BlackRock Floating Rate Income Trust were worth $8,107,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in BGT. Virtus ETF Advisers LLC grew its stake in BlackRock Floating Rate Income Trust by 17.2% in the 4th quarter. Virtus ETF Advisers LLC now owns 57,814 shares of the investment management company’s stock valued at $743,000 after acquiring an additional 8,485 shares during the last quarter. MML Investors Services LLC grew its stake in BlackRock Floating Rate Income Trust by 1.7% in the 4th quarter. MML Investors Services LLC now owns 98,517 shares of the investment management company’s stock valued at $1,267,000 after acquiring an additional 1,626 shares during the last quarter. Guggenheim Capital LLC grew its stake in BlackRock Floating Rate Income Trust by 38.7% in the 4th quarter. Guggenheim Capital LLC now owns 981,677 shares of the investment management company’s stock valued at $12,624,000 after acquiring an additional 273,835 shares during the last quarter. LaSalle St. Investment Advisors LLC acquired a new stake in BlackRock Floating Rate Income Trust in the 4th quarter valued at about $298,000. Finally, XTX Topco Ltd acquired a new stake in BlackRock Floating Rate Income Trust in the 4th quarter valued at about $145,000.

BlackRock Floating Rate Income Trust Price Performance

Shares of NYSE BGT opened at $12.34 on Thursday. BlackRock Floating Rate Income Trust has a 52 week low of $10.21 and a 52 week high of $13.59. The company’s 50-day moving average price is $12.07 and its 200 day moving average price is $12.57.

BlackRock Floating Rate Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.1203 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.44 dividend on an annualized basis and a yield of 11.70%.

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.