Ameriprise Financial Inc. lifted its stake in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 9.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,435 shares of the investment management company’s stock after acquiring an additional 8,601 shares during the quarter. Ameriprise Financial Inc.’s holdings in BlackRock Floating Rate Income Trust were worth $1,365,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BGT. Wedbush Securities Inc. boosted its stake in shares of BlackRock Floating Rate Income Trust by 7.1% during the second 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 boosted its stake in shares of BlackRock Floating Rate Income Trust by 37.7% during the second 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. Janney Montgomery Scott LLC boosted its stake in shares of BlackRock Floating Rate Income Trust by 4.7% during the second quarter. Janney Montgomery Scott LLC now owns 27,571 shares of the investment management company’s stock valued at $385,000 after purchasing an additional 1,250 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of BlackRock Floating Rate Income Trust during the second quarter valued at approximately $500,000. Finally, Rockland Trust Co. boosted its stake in shares of BlackRock Floating Rate Income Trust by 54.4% during the second quarter. Rockland Trust Co. now owns 59,043 shares of the investment management company’s stock valued at $825,000 after purchasing an additional 20,801 shares in the last quarter.

BlackRock Floating Rate Income Trust (NYSE:BGT) opened at $14.12 on Monday.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.0583 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.95%.

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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.

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

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