Baillie Gifford & Co. held its position in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,150,000 shares of the investment management company’s stock at the end of the second quarter. Baillie Gifford & Co.’s holdings in BlackRock Floating Rate Income Trust were worth $16,066,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Conning Inc. lifted its holdings in shares of BlackRock Floating Rate Income Trust by 1.0% during the 2nd quarter. Conning Inc. now owns 96,792 shares of the investment management company’s stock valued at $1,352,000 after purchasing an additional 962 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of BlackRock Floating Rate Income Trust by 7.1% during the 2nd quarter. Wedbush Securities Inc. now owns 15,164 shares of the investment management company’s stock valued at $212,000 after purchasing an additional 1,000 shares in the last quarter. Alpha Cubed Investments LLC lifted its holdings in shares of BlackRock Floating Rate Income Trust by 37.7% during the 2nd quarter. Alpha Cubed Investments LLC now owns 20,090 shares of the investment management company’s stock valued at $281,000 after purchasing an additional 5,500 shares in the last quarter. Rockland Trust Co. raised its position in BlackRock Floating Rate Income Trust by 54.4% in the 2nd quarter. Rockland Trust Co. now owns 59,043 shares of the investment management company’s stock valued at $825,000 after buying an additional 20,801 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in BlackRock Floating Rate Income Trust by 4.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 27,571 shares of the investment management company’s stock valued at $385,000 after buying an additional 1,250 shares during the last quarter.

Shares of BlackRock Floating Rate Income Trust (NYSE:BGT) remained flat at $13.71 during midday trading on Monday. 1,691 shares of the company were exchanged. The firm’s 50-day moving average is $13.81 and its 200 day moving average is $14.21. BlackRock Floating Rate Income Trust has a 52-week low of $13.10 and a 52-week high of $14.79.

The company also recently declared a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.0583 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 5.10%.

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BlackRock Floating Rate Income Trust Profile

BlackRock Floating Rate Income Trust (the Trust) is a non-diversified, closed-end management investment Company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.

Institutional Ownership by Quarter for BlackRock Floating Rate Income Trust (NYSE:BGT)

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