Client First Capital LLC Buys New Position in BlackRock Floating Rate Income Trust (NYSE:BGT)

Client First Capital LLC purchased a new position in BlackRock Floating Rate Income Trust (NYSE:BGT) in the fourth quarter, Holdings Channel.com reports. The fund purchased 16,921 shares of the investment management company’s stock, valued at approximately $218,000. BlackRock Floating Rate Income Trust comprises 0.1% of Client First Capital LLC’s portfolio, making the stock its 19th largest position.

Several other large investors have also added to or reduced their stakes in BGT. Private Advisor Group LLC purchased a new position in shares of BlackRock Floating Rate Income Trust during the 3rd quarter worth approximately $152,000. Horizon Kinetics Asset Management LLC boosted its position in shares of BlackRock Floating Rate Income Trust by 56.0% during the third quarter. Horizon Kinetics Asset Management LLC now owns 19,778 shares of the investment management company’s stock valued at $256,000 after purchasing an additional 7,100 shares in the last quarter. MONECO Advisors LLC grew its stake in BlackRock Floating Rate Income Trust by 5.0% in the third quarter. MONECO Advisors LLC now owns 24,377 shares of the investment management company’s stock worth $315,000 after purchasing an additional 1,150 shares during the period. MML Investors Services LLC raised its holdings in BlackRock Floating Rate Income Trust by 2.7% in the third quarter. MML Investors Services LLC now owns 96,891 shares of the investment management company’s stock worth $1,254,000 after purchasing an additional 2,531 shares in the last quarter. Finally, Graypoint LLC lifted its position in BlackRock Floating Rate Income Trust by 2.8% during the third quarter. Graypoint LLC now owns 189,418 shares of the investment management company’s stock valued at $2,451,000 after buying an additional 5,206 shares during the period.

BlackRock Floating Rate Income Trust Stock Performance

Shares of BGT stock opened at $12.55 on Friday. The company’s fifty day moving average price is $12.98 and its 200-day moving average price is $12.94. BlackRock Floating Rate Income Trust has a 12 month low of $12.03 and a 12 month high of $13.97.

BlackRock Floating Rate Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.1203 per share. This represents a $1.44 annualized dividend and a yield of 11.50%. The ex-dividend date of this dividend is Wednesday, January 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.