Janney Montgomery Scott LLC Purchases 3,089 Shares of BlackRock Floating Rate Income Trust (NYSE:BGT)

Janney Montgomery Scott LLC raised its position in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 14.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,028 shares of the investment management company’s stock after acquiring an additional 3,089 shares during the quarter. Janney Montgomery Scott LLC’s holdings in BlackRock Floating Rate Income Trust were worth $298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Guggenheim Capital LLC boosted its position in shares of BlackRock Floating Rate Income Trust by 38.7% during the 4th quarter. Guggenheim Capital LLC now owns 981,677 shares of the investment management company’s stock worth $12,624,000 after purchasing an additional 273,835 shares in the last quarter. LPL Financial LLC boosted its position in shares of BlackRock Floating Rate Income Trust by 19.3% during the 4th quarter. LPL Financial LLC now owns 486,324 shares of the investment management company’s stock worth $6,254,000 after purchasing an additional 78,573 shares in the last quarter. MML Investors Services LLC boosted its position in shares of BlackRock Floating Rate Income Trust by 1.7% during the 4th quarter. MML Investors Services LLC now owns 98,517 shares of the investment management company’s stock worth $1,267,000 after purchasing an additional 1,626 shares in the last quarter. Virtus ETF Advisers LLC boosted its position in shares of BlackRock Floating Rate Income Trust by 17.2% during the 4th quarter. Virtus ETF Advisers LLC now owns 57,814 shares of the investment management company’s stock worth $743,000 after purchasing an additional 8,485 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of BlackRock Floating Rate Income Trust during the 4th quarter worth about $705,000.

BlackRock Floating Rate Income Trust Price Performance

BGT stock opened at $12.64 on Friday. The company’s 50-day moving average is $12.33 and its 200-day moving average is $12.41. BlackRock Floating Rate Income Trust has a 1 year low of $10.21 and a 1 year high of $13.59.

BlackRock Floating Rate Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $0.1203 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.42%.

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.