Shares of BlackRock Floating Rate Income Trust (NYSE:BGT – Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.12 and traded as low as $10.74. BlackRock Floating Rate Income Trust shares last traded at $10.7510, with a volume of 91,159 shares traded.
BlackRock Floating Rate Income Trust Stock Performance
The company has a 50 day moving average price of $10.86 and a two-hundred day moving average price of $11.11.
Institutional Trading of BlackRock Floating Rate Income Trust
Several large investors have recently made changes to their positions in BGT. Atlantic Union Bankshares Corp purchased a new stake in shares of BlackRock Floating Rate Income Trust during the third quarter worth approximately $26,000. Steward Partners Investment Advisory LLC increased its position in shares of BlackRock Floating Rate Income Trust by 77.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,200 shares of the investment management company’s stock worth $36,000 after purchasing an additional 1,400 shares in the last quarter. EFG International AG purchased a new stake in shares of BlackRock Floating Rate Income Trust during the fourth quarter worth approximately $52,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of BlackRock Floating Rate Income Trust during the first quarter worth approximately $60,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of BlackRock Floating Rate Income Trust during the fourth quarter worth approximately $73,000.
About BlackRock Floating Rate Income Trust
BlackRock Floating Rate Income Trust (NYSE: BGT) is a diversified, closed-end management investment company that seeks to generate current income by investing in floating rate debt instruments. Established and managed by BlackRock Advisors, the trust provides investors with exposure to senior secured loans, high-yield corporate debt, collateralized loan obligations (CLOs) and other floating rate credit products. By focusing on floating rate securities, the fund aims to offer protection against rising interest rates while pursuing consistent income generation.
The trust’s portfolio is constructed through an active, research-driven process led by a team of credit specialists within BlackRock’s Global Credit platform.
See Also
- Five stocks we like better than BlackRock Floating Rate Income Trust
- Fifth Third’s Big Bet Is On
- Dell’s AI Toll Bridge Is Paved with Record Margins
- As AI Data Breaches Become More Common, This Cybersecurity ETF Is SurgingAI
- Coke’s $10B India IPO Plan Pops the Top on Hidden Value
Receive News & Ratings for BlackRock Floating Rate Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Floating Rate Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.
