BlackRock Floating Rate Income Trust $BGT Stock Purchased by Integrity Alliance LLC.

Integrity Alliance LLC. raised its position in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 64.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 731,157 shares of the investment management company’s stock after acquiring an additional 287,787 shares during the period. Integrity Alliance LLC.’s holdings in BlackRock Floating Rate Income Trust were worth $7,684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BGT. Bank of America Corp DE acquired a new stake in BlackRock Floating Rate Income Trust during the 2nd quarter worth approximately $4,487,000. Sanctuary Advisors LLC acquired a new position in BlackRock Floating Rate Income Trust in the 2nd quarter valued at $754,000. Landscape Capital Management L.L.C. acquired a new position in BlackRock Floating Rate Income Trust in the 2nd quarter valued at $474,000. Equitable Holdings Inc. acquired a new position in BlackRock Floating Rate Income Trust in the 2nd quarter valued at $367,000. Finally, Icon Advisers Inc. Co. grew its holdings in BlackRock Floating Rate Income Trust by 24.7% in the 1st quarter. Icon Advisers Inc. Co. now owns 103,027 shares of the investment management company’s stock valued at $1,109,000 after buying an additional 20,409 shares in the last quarter.

BlackRock Floating Rate Income Trust Trading Down 0.2%

BGT stock opened at $9.89 on Wednesday. BlackRock Floating Rate Income Trust has a fifty-two week low of $9.71 and a fifty-two week high of $11.88. The business’s fifty day moving average price is $10.49 and its two-hundred day moving average price is $10.81.

BlackRock Floating Rate Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a $0.1203 dividend. The ex-dividend date is Friday, December 11th. This represents a $1.44 annualized dividend and a dividend yield of 14.6%.

BlackRock Floating Rate Income Trust Profile

BlackRock Floating Rate Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol BGT. The fund seeks to provide a high level of current income, with a secondary objective of capital appreciation.

The trust invests primarily in floating-rate loans and other floating-rate debt instruments, including senior secured corporate loans. These investments are generally made in below-investment-grade or unrated issuers and are designed to provide exposure to income-producing corporate credit while limiting sensitivity to changes in prevailing interest rates.

BlackRock Floating Rate Income Trust is managed by BlackRock Advisors, LLC, an affiliate of BlackRock, Inc The portfolio may invest in issuers across a range of industries and geographic markets, with an emphasis on the U.S.