Laurion Capital Management LP purchased a new stake in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 67,086 shares of the investment management company’s stock, valued at approximately $937,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wedbush Securities Inc. boosted its stake in BlackRock Floating Rate Income Trust by 7.1% during the 2nd quarter. Wedbush Securities Inc. now owns 15,164 shares of the investment management company’s stock valued at $212,000 after purchasing an additional 1,000 shares in the last quarter. Alpha Cubed Investments LLC boosted its stake in BlackRock Floating Rate Income Trust by 37.7% during the 2nd quarter. Alpha Cubed Investments LLC now owns 20,090 shares of the investment management company’s stock valued at $281,000 after purchasing an additional 5,500 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in BlackRock Floating Rate Income Trust by 4.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 27,571 shares of the investment management company’s stock valued at $385,000 after purchasing an additional 1,250 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in BlackRock Floating Rate Income Trust during the 2nd quarter valued at $500,000. Finally, Rockland Trust Co. boosted its stake in BlackRock Floating Rate Income Trust by 54.4% during the 2nd quarter. Rockland Trust Co. now owns 59,043 shares of the investment management company’s stock valued at $825,000 after purchasing an additional 20,801 shares in the last quarter.

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BlackRock Floating Rate Income Trust (BGT) opened at 13.78 on Monday. BlackRock Floating Rate Income Trust has a 52 week low of $13.23 and a 52 week high of $14.79. The firm’s 50-day moving average price is $13.75 and its 200-day moving average price is $14.16.

The business also recently declared a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.0583 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date is Thursday, September 14th.

BlackRock Floating Rate Income Trust Profile

BlackRock Floating Rate Income Trust (the Trust) is a non-diversified, closed-end management investment Company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.

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

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