BlackRock Floating Rate Income Trust (NYSE:BGT) Stock Crosses Below 200-Day Moving Average of $12.96

BlackRock Floating Rate Income Trust (NYSE:BGT)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.96 and traded as low as $12.77. BlackRock Floating Rate Income Trust shares last traded at $12.83, with a volume of 68,682 shares traded.

BlackRock Floating Rate Income Trust Stock Performance

The business has a 50-day moving average of $12.84 and a 200 day moving average of $12.96.

BlackRock Floating Rate Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.1203 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 11.25%. The ex-dividend date is Tuesday, October 15th.

Institutional Trading of BlackRock Floating Rate Income Trust

A number of hedge funds have recently added to or reduced their stakes in BGT. MONECO Advisors LLC acquired a new stake in BlackRock Floating Rate Income Trust in the 4th quarter worth about $218,000. Avantax Advisory Services Inc. boosted 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 worth $243,000 after buying an additional 2,112 shares during the last quarter. Jones Road Capital Management L.P. boosted its stake in BlackRock Floating Rate Income Trust by 8.1% in the 4th quarter. Jones Road Capital Management L.P. now owns 40,311 shares of the investment management company’s stock worth $499,000 after buying an additional 3,011 shares during the last quarter. ICA Group Wealth Management LLC boosted its stake in BlackRock Floating Rate Income Trust by 12.7% in the 4th quarter. ICA Group Wealth Management LLC now owns 118,072 shares of the investment management company’s stock worth $1,462,000 after buying an additional 13,301 shares during the last quarter. Finally, Graypoint LLC boosted 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 worth $2,325,000 after buying an additional 5,010 shares during the last quarter.

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.