Global Retirement Partners LLC Has $470,000 Stake in BlackRock Floating Rate Income Trust (NYSE:BGT)

Global Retirement Partners LLC trimmed its stake in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 64.9% during the third quarter, HoldingsChannel reports. The fund owned 36,299 shares of the investment management company’s stock after selling 67,077 shares during the period. Global Retirement Partners LLC’s holdings in BlackRock Floating Rate Income Trust were worth $470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Avantax Advisory Services Inc. increased its stake in BlackRock Floating Rate Income Trust by 12.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 18,735 shares of the investment management company’s stock valued at $243,000 after buying an additional 2,112 shares during the last quarter. Graypoint LLC increased its stake in BlackRock Floating Rate Income Trust by 2.9% in the 1st quarter. Graypoint LLC now owns 179,139 shares of the investment management company’s stock valued at $2,325,000 after buying an additional 5,010 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in BlackRock Floating Rate Income Trust by 6.4% in the 1st quarter. Advisors Asset Management Inc. now owns 422,855 shares of the investment management company’s stock valued at $5,489,000 after buying an additional 25,614 shares during the last quarter.

BlackRock Floating Rate Income Trust Stock Performance

BlackRock Floating Rate Income Trust stock opened at $13.01 on Tuesday. The company’s 50-day moving average is $12.86 and its 200-day moving average is $12.95. BlackRock Floating Rate Income Trust has a fifty-two week low of $11.23 and a fifty-two week high of $13.97.

BlackRock Floating Rate Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.1203 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.44 annualized dividend and a dividend yield of 11.09%.

BlackRock Floating Rate Income Trust Profile

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors.