Sanctuary Advisors LLC Acquires Shares of 68,578 BlackRock Floating Rate Income Trust $BGT

Sanctuary Advisors LLC bought a new position in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 68,578 shares of the investment management company’s stock, valued at approximately $754,000.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of BlackRock Floating Rate Income Trust by 12.0% in the first quarter. Royal Bank of Canada now owns 46,577 shares of the investment management company’s stock valued at $578,000 after buying an additional 4,997 shares in the last quarter. Cetera Investment Advisers acquired a new stake in BlackRock Floating Rate Income Trust during the second quarter worth approximately $232,000. Baird Financial Group Inc. grew its position in BlackRock Floating Rate Income Trust by 33.2% during the second quarter. Baird Financial Group Inc. now owns 160,791 shares of the investment management company’s stock worth $2,013,000 after buying an additional 40,096 shares in the last quarter. Ausdal Financial Partners Inc. bought a new position in BlackRock Floating Rate Income Trust during the 2nd quarter worth $150,000. Finally, Jane Street Group LLC bought a new position in BlackRock Floating Rate Income Trust during the 2nd quarter worth $138,000.

BlackRock Floating Rate Income Trust Stock Up 0.5%

Shares of NYSE BGT opened at $11.12 on Friday. The business has a fifty day moving average price of $10.79 and a two-hundred day moving average price of $10.85. BlackRock Floating Rate Income Trust has a fifty-two week low of $10.22 and a fifty-two week high of $12.52.

BlackRock Floating Rate Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.1203 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%.

BlackRock Floating Rate Income Trust Profile

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.