Raymond James Financial Inc. Takes Position in BlackRock Floating Rate Income Trust (NYSE:BGT)

Raymond James Financial Inc. acquired a new stake in BlackRock Floating Rate Income Trust (NYSE:BGT) in the 4th quarter, Holdings Channel.com reports. The fund acquired 54,810 shares of the investment management company’s stock, valued at approximately $705,000.

Other large investors have also added to or reduced their stakes in the company. MML Investors Services LLC grew its holdings in BlackRock Floating Rate Income Trust by 2.7% during the 3rd quarter. MML Investors Services LLC now owns 96,891 shares of the investment management company’s stock worth $1,254,000 after acquiring an additional 2,531 shares during the last quarter. Graypoint LLC raised its stake in shares of BlackRock Floating Rate Income Trust by 2.8% during 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. Finally, Client First Capital LLC bought a new position in shares of BlackRock Floating Rate Income Trust during the fourth quarter valued at $218,000.

BlackRock Floating Rate Income Trust Price Performance

Shares of BlackRock Floating Rate Income Trust stock opened at $11.36 on Friday. BlackRock Floating Rate Income Trust has a twelve month low of $11.30 and a twelve month high of $13.97. The company’s fifty day moving average is $12.56 and its 200 day moving average is $12.81.

BlackRock Floating Rate Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.1203 per share. This represents a $1.44 annualized dividend and a yield of 12.71%. The ex-dividend date of this dividend is Tuesday, April 15th.

BlackRock Floating Rate Income Trust Profile

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.