MONECO Advisors LLC Decreases Holdings in BlackRock Floating Rate Income Trust (NYSE:BGT)

MONECO Advisors LLC lowered its holdings in BlackRock Floating Rate Income Trust (NYSE:BGT) by 5.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,125 shares of the investment management company’s stock after selling 1,252 shares during the quarter. MONECO Advisors LLC’s holdings in BlackRock Floating Rate Income Trust were worth $297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Penserra Capital Management LLC purchased a new position in BlackRock Floating Rate Income Trust in the third quarter valued at approximately $8,284,000. Client First Capital LLC acquired a new position in shares of BlackRock Floating Rate Income Trust in the 4th quarter valued at $218,000. Private Advisor Group LLC purchased a new position in shares of BlackRock Floating Rate Income Trust in the 3rd quarter valued at $152,000. Horizon Kinetics Asset Management LLC raised its stake in BlackRock Floating Rate Income Trust by 56.0% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 19,778 shares of the investment management company’s stock worth $256,000 after acquiring an additional 7,100 shares in the last quarter. Finally, Graypoint LLC lifted its position in BlackRock Floating Rate Income Trust by 2.8% in the fourth quarter. Graypoint LLC now owns 194,738 shares of the investment management company’s stock valued at $2,504,000 after acquiring an additional 5,320 shares during the last quarter.

BlackRock Floating Rate Income Trust Stock Performance

NYSE BGT opened at $12.54 on Tuesday. The company has a fifty day moving average of $12.74 and a two-hundred day moving average of $12.88. BlackRock Floating Rate Income Trust has a 1 year low of $12.05 and a 1 year high of $13.97.

BlackRock Floating Rate Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.1203 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.51%.

About BlackRock Floating Rate Income Trust

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.