Cambridge Investment Research Advisors Inc. lowered its holdings in BlackRock Floating Rate Income Trust (NYSE:BGT) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,317 shares of the investment management company’s stock after selling 4,270 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.24% of BlackRock Floating Rate Income Trust worth $736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of BGT. Optimum Investment Advisors purchased a new stake in BlackRock Floating Rate Income Trust during the first quarter valued at $171,000. Alpha Cubed Investments LLC increased its position in BlackRock Floating Rate Income Trust by 51.2% during the second quarter. Alpha Cubed Investments LLC now owns 20,684 shares of the investment management company’s stock valued at $270,000 after acquiring an additional 7,000 shares during the last quarter. Bank of Montreal Can purchased a new stake in BlackRock Floating Rate Income Trust during the second quarter valued at $273,000. Sit Investment Associates Inc. purchased a new stake in BlackRock Floating Rate Income Trust during the second quarter valued at $654,000. Finally, Rockland Trust Co. purchased a new stake in BlackRock Floating Rate Income Trust during the second quarter valued at $1,024,000.

BlackRock Floating Rate Income Trust stock opened at $13.12 on Tuesday. BlackRock Floating Rate Income Trust has a one year low of $13.02 and a one year high of $14.33.

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a dividend of $0.062 per share. This represents a $0.74 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend is Thursday, September 13th.

About BlackRock Floating Rate Income Trust

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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