Advisors Asset Management Inc. Acquires 53,124 Shares of BlackRock Floating Rate Income Trust $BGT

Advisors Asset Management Inc. raised its holdings in BlackRock Floating Rate Income Trust (NYSE:BGT) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 405,643 shares of the investment management company’s stock after buying an additional 53,124 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock Floating Rate Income Trust were worth $4,929,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BGT. Atlantic Union Bankshares Corp bought a new position in shares of BlackRock Floating Rate Income Trust during the third quarter valued at approximately $26,000. D.A. Davidson & CO. purchased a new position in BlackRock Floating Rate Income Trust during the 3rd quarter valued at $126,000. Jane Street Group LLC bought a new position in BlackRock Floating Rate Income Trust in the 2nd quarter worth $138,000. Ausdal Financial Partners Inc. bought a new position in BlackRock Floating Rate Income Trust in the 2nd quarter worth $150,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of BlackRock Floating Rate Income Trust by 6.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 17,209 shares of the investment management company’s stock worth $215,000 after purchasing an additional 1,009 shares during the period.

BlackRock Floating Rate Income Trust Stock Down 0.3%

Shares of BGT opened at $11.40 on Friday. BlackRock Floating Rate Income Trust has a 1-year low of $10.21 and a 1-year high of $12.95. The firm’s 50-day moving average price is $11.41 and its 200-day moving average price is $11.82.

BlackRock Floating Rate Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.1203 per share. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend is Friday, March 13th.

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.