Cambridge Investment Research Advisors Inc. acquired a new position in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 35,826 shares of the investment management company’s stock, valued at approximately $500,000.

Several other hedge funds also recently made changes to their positions 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 worth $1,352,000 after acquiring an additional 962 shares during the period. Rockland Trust Co. increased its position in BlackRock Floating Rate Income Trust by 54.4% during the 2nd quarter. Rockland Trust Co. now owns 59,043 shares of the investment management company’s stock worth $825,000 after purchasing an additional 20,801 shares in the last quarter. Janney Montgomery Scott LLC increased its position in BlackRock Floating Rate Income Trust by 4.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 27,571 shares of the investment management company’s stock worth $385,000 after purchasing an additional 1,250 shares in the last quarter. Alpha Cubed Investments LLC increased its position in 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 worth $281,000 after purchasing an additional 5,500 shares in the last quarter. Finally, Wedbush Securities Inc. increased its position in 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 worth $212,000 after purchasing an additional 1,000 shares in the last quarter.

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Shares of BlackRock Floating Rate Income Trust (NYSE BGT) opened at 13.69 on Tuesday. The company’s 50-day moving average is $13.80 and its 200-day moving average is $14.20. 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. Stockholders of record on Friday, September 15th will be issued a dividend of $0.0583 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 5.11%.

About BlackRock Floating Rate Income Trust

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.

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

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