Alpha Cubed Investments LLC raised its stake in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 37.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,090 shares of the investment management company’s stock after buying an additional 5,500 shares during the period. Alpha Cubed Investments LLC’s holdings in BlackRock Floating Rate Income Trust were worth $281,000 as of its most recent filing with the SEC.

Separately, Janney Montgomery Scott LLC boosted its position in BlackRock Floating Rate Income Trust by 4.7% in the second quarter. Janney Montgomery Scott LLC now owns 27,571 shares of the investment management company’s stock valued at $385,000 after buying an additional 1,250 shares during the period.

BlackRock Floating Rate Income Trust (NYSE BGT) traded up 0.72% during trading on Friday, hitting $13.74. The stock had a trading volume of 151,089 shares. The company’s 50-day moving average is $13.90 and its 200 day moving average is $14.31. BlackRock Floating Rate Income Trust has a 52 week low of $13.10 and a 52 week high of $14.79.

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.0583 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Friday, August 11th.

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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.

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

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