BlackRock Floating Rate Income Trust (BGT) Hits New 1-Year Low at $12.68

Shares of BlackRock Floating Rate Income Trust (NYSE:BGT) hit a new 52-week low during trading on Thursday . The stock traded as low as $12.68 and last traded at $12.80, with a volume of 720 shares changing hands. The stock had previously closed at $12.72.

The company also recently announced a monthly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Monday, October 15th were issued a $0.062 dividend. The ex-dividend date was Friday, October 12th. This represents a $0.74 annualized dividend and a dividend yield of 5.84%.

Several hedge funds have recently made changes to their positions in BGT. Wells Fargo & Company MN grew its position in BlackRock Floating Rate Income Trust by 2.8% during the second quarter. Wells Fargo & Company MN now owns 1,018,333 shares of the investment management company’s stock valued at $13,310,000 after buying an additional 27,479 shares during the period. Advisors Asset Management Inc. grew its position in BlackRock Floating Rate Income Trust by 5.4% during the second quarter. Advisors Asset Management Inc. now owns 350,783 shares of the investment management company’s stock valued at $4,585,000 after buying an additional 18,027 shares during the period. Bank of America Corp DE grew its position in BlackRock Floating Rate Income Trust by 4.6% during the second quarter. Bank of America Corp DE now owns 270,391 shares of the investment management company’s stock valued at $3,534,000 after buying an additional 11,982 shares during the period. Jaffetilchin Investment Partners LLC grew its position in BlackRock Floating Rate Income Trust by 12.2% during the third quarter. Jaffetilchin Investment Partners LLC now owns 136,511 shares of the investment management company’s stock valued at $1,802,000 after buying an additional 14,884 shares during the period. Finally, Rockland Trust Co. bought a new position in BlackRock Floating Rate Income Trust during the second quarter valued at about $1,024,000.

About BlackRock Floating Rate Income Trust (NYSE:BGT)

There is no company description available for BlackRock Floating Rate Income Trust Fund.

Recommended Story: Marijuana Stocks

Receive News & Ratings for BlackRock Floating Rate Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Floating Rate Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply