Donoghue Forlines LLC Purchases Shares of 939,719 BlackRock Floating Rate Income Trust $BGT

Donoghue Forlines LLC acquired a new position in BlackRock Floating Rate Income Trust (NYSE:BGT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 939,719 shares of the investment management company’s stock, valued at approximately $11,418,000. BlackRock Floating Rate Income Trust accounts for approximately 3.5% of Donoghue Forlines LLC’s holdings, making the stock its 5th biggest holding.

Other large investors have also recently made changes to their positions in the company. Ethos Financial Group LLC increased its holdings in BlackRock Floating Rate Income Trust by 1.4% in the 3rd quarter. Ethos Financial Group LLC now owns 316,298 shares of the investment management company’s stock worth $3,843,000 after acquiring an additional 4,256 shares in the last quarter. D.A. Davidson & CO. bought a new position in shares of BlackRock Floating Rate Income Trust in the third quarter worth approximately $126,000. Global Retirement Partners LLC increased its stake in shares of BlackRock Floating Rate Income Trust by 5.5% in the third quarter. Global Retirement Partners LLC now owns 32,593 shares of the investment management company’s stock worth $396,000 after purchasing an additional 1,696 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of BlackRock Floating Rate Income Trust by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 58,029 shares of the investment management company’s stock valued at $727,000 after purchasing an additional 3,140 shares during the period. Finally, Bank of America Corp DE raised its position in shares of BlackRock Floating Rate Income Trust by 30.4% during the 2nd quarter. Bank of America Corp DE now owns 93,643 shares of the investment management company’s stock valued at $1,172,000 after purchasing an additional 21,823 shares during the period.

BlackRock Floating Rate Income Trust Stock Down 0.4%

Shares of BlackRock Floating Rate Income Trust stock opened at $11.60 on Friday. BlackRock Floating Rate Income Trust has a fifty-two week low of $10.21 and a fifty-two week high of $12.95. The company has a fifty day moving average of $11.36 and a 200 day moving average of $11.96.

BlackRock Floating Rate Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.1203 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 12.4%.

About BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust (NYSE: BGT) is a diversified, closed-end management investment company that seeks to generate current income by investing in floating rate debt instruments. Established and managed by BlackRock Advisors, the trust provides investors with exposure to senior secured loans, high-yield corporate debt, collateralized loan obligations (CLOs) and other floating rate credit products. By focusing on floating rate securities, the fund aims to offer protection against rising interest rates while pursuing consistent income generation.

The trust’s portfolio is constructed through an active, research-driven process led by a team of credit specialists within BlackRock’s Global Credit platform.