MONECO Advisors LLC Makes New $218,000 Investment in BlackRock Floating Rate Income Trust (NYSE:BGT)

MONECO Advisors LLC bought a new position in BlackRock Floating Rate Income Trust (NYSE:BGT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,645 shares of the investment management company’s stock, valued at approximately $218,000.

Several other large investors also recently added to or reduced their stakes in the business. Wagner Wealth Management LLC grew its position in BlackRock Floating Rate Income Trust by 16.1% in the fourth quarter. Wagner Wealth Management LLC now owns 578,329 shares of the investment management company’s stock worth $7,160,000 after acquiring an additional 80,361 shares in the last quarter. UBS Group AG grew its position in BlackRock Floating Rate Income Trust by 9.8% in the third quarter. UBS Group AG now owns 375,386 shares of the investment management company’s stock worth $4,527,000 after acquiring an additional 33,604 shares in the last quarter. Advisors Asset Management Inc. grew its position in BlackRock Floating Rate Income Trust by 13.7% in the third quarter. Advisors Asset Management Inc. now owns 302,293 shares of the investment management company’s stock worth $3,646,000 after acquiring an additional 36,363 shares in the last quarter. Graypoint LLC grew its position in BlackRock Floating Rate Income Trust by 5.0% in the fourth quarter. Graypoint LLC now owns 174,129 shares of the investment management company’s stock worth $2,156,000 after acquiring an additional 8,294 shares in the last quarter. Finally, ICA Group Wealth Management LLC grew its position in BlackRock Floating Rate Income Trust by 12.7% in the fourth quarter. ICA Group Wealth Management LLC now owns 118,072 shares of the investment management company’s stock worth $1,462,000 after acquiring an additional 13,301 shares in the last quarter.

BlackRock Floating Rate Income Trust Price Performance

BGT stock opened at $12.89 on Tuesday. BlackRock Floating Rate Income Trust has a 12 month low of $11.17 and a 12 month high of $13.97. The firm has a 50 day moving average of $13.05 and a two-hundred day moving average of $12.72.

BlackRock Floating Rate Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 11.17%. The ex-dividend date of this dividend is Friday, June 14th.

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.