Mid American Wealth Advisory Group Inc. Reduces Position in BlackRock Floating Rate Income Trust (NYSE:BGT)

Mid American Wealth Advisory Group Inc. decreased its holdings in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 22.2% in the fourth quarter, HoldingsChannel reports. The fund owned 21,712 shares of the investment management company’s stock after selling 6,206 shares during the quarter. Mid American Wealth Advisory Group Inc.’s holdings in BlackRock Floating Rate Income Trust were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of BGT. Significant Wealth Partners LLC bought a new position in shares of BlackRock Floating Rate Income Trust during the 4th quarter valued at approximately $620,000. Conning Inc. increased its stake in shares of BlackRock Floating Rate Income Trust by 3.9% in the fourth quarter. Conning Inc. now owns 25,307 shares of the investment management company’s stock worth $313,000 after purchasing an additional 949 shares in the last quarter. Graypoint LLC raised its position in shares of BlackRock Floating Rate Income Trust by 5.0% during the 4th quarter. Graypoint LLC now owns 174,129 shares of the investment management company’s stock valued at $2,156,000 after purchasing an additional 8,294 shares during the period. Wagner Wealth Management LLC lifted its stake in shares of BlackRock Floating Rate Income Trust by 16.1% during the 4th quarter. Wagner Wealth Management LLC now owns 578,329 shares of the investment management company’s stock valued at $7,160,000 after buying an additional 80,361 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in BlackRock Floating Rate Income Trust by 13.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 302,293 shares of the investment management company’s stock worth $3,646,000 after buying an additional 36,363 shares during the period.

BlackRock Floating Rate Income Trust Price Performance

NYSE:BGT traded down $0.12 on Monday, reaching $12.78. 111,862 shares of the company’s stock traded hands, compared to its average volume of 101,242. The stock has a 50-day simple moving average of $12.98 and a 200-day simple moving average of $12.40. BlackRock Floating Rate Income Trust has a 12 month low of $10.95 and a 12 month high of $13.42.

BlackRock Floating Rate Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 11.27%. The ex-dividend date is Friday, April 12th.

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.