BlackRock Floating Rate Income Trust (BGT) Position Reduced by Wells Fargo & Company MN

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Wells Fargo & Company MN decreased its position in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,001,727 shares of the investment management company’s stock after selling 16,606 shares during the period. Wells Fargo & Company MN owned 4.23% of BlackRock Floating Rate Income Trust worth $13,223,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BGT. Raymond James & Associates bought a new stake in BlackRock Floating Rate Income Trust during the second quarter worth approximately $169,000. Optimum Investment Advisors raised its holdings in BlackRock Floating Rate Income Trust by 48.1% during the third quarter. Optimum Investment Advisors now owns 19,100 shares of the investment management company’s stock worth $252,000 after purchasing an additional 6,200 shares in the last quarter. Bank of Montreal Can bought a new stake in BlackRock Floating Rate Income Trust during the second quarter worth approximately $273,000. Stephens Inc. AR bought a new stake in BlackRock Floating Rate Income Trust during the second quarter worth approximately $400,000. Finally, Wolverine Asset Management LLC bought a new stake in BlackRock Floating Rate Income Trust during the second quarter worth approximately $756,000.

Shares of NYSE:BGT opened at $12.23 on Friday. BlackRock Floating Rate Income Trust has a 12 month low of $12.15 and a 12 month high of $14.22.

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Thursday, December 13th will be issued a $0.0618 dividend. The ex-dividend date of this dividend is Wednesday, December 12th. This represents a $0.74 annualized dividend and a dividend yield of 6.06%.

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About BlackRock Floating Rate Income Trust

There is no company description available for BlackRock Floating Rate Income Trust Fund.

Further Reading: Bull Market

Want to see what other hedge funds are holding BGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Floating Rate Income Trust (NYSE:BGT).

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

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