Wells Fargo & Company MN increased its position in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 6.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 612,986 shares of the investment management company’s stock after buying an additional 36,281 shares during the quarter. Wells Fargo & Company MN owned about 2.59% of BlackRock Floating Rate Income Trust worth $8,649,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BGT. Cambridge Investment Research Advisors Inc. purchased a new position in BlackRock Floating Rate Income Trust during the 2nd quarter worth approximately $500,000. Ameriprise Financial Inc. grew its stake in shares of BlackRock Floating Rate Income Trust by 9.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 98,435 shares of the investment management company’s stock valued at $1,365,000 after purchasing an additional 8,601 shares during the last quarter. Investment Centers of America Inc. grew its stake in shares of BlackRock Floating Rate Income Trust by 13.7% in the 2nd quarter. Investment Centers of America Inc. now owns 164,078 shares of the investment management company’s stock valued at $2,295,000 after purchasing an additional 19,741 shares during the last quarter. Laurion Capital Management LP purchased a new position in shares of BlackRock Floating Rate Income Trust in the 2nd quarter valued at approximately $937,000. Finally, MML Investors Services LLC grew its stake in shares of BlackRock Floating Rate Income Trust by 9.4% in the 2nd quarter. MML Investors Services LLC now owns 71,838 shares of the investment management company’s stock valued at $1,004,000 after purchasing an additional 6,166 shares during the last quarter.

BlackRock Floating Rate Income Trust (NYSE:BGT) opened at $13.83 on Friday. BlackRock Floating Rate Income Trust has a 12 month low of $13.40 and a 12 month high of $14.79.

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Friday, December 29th will be paid a $0.0583 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.70 annualized dividend and a dividend yield of 5.06%.

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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.

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

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