SeaCrest Wealth Management LLC bought a new stake in BlackRock Floating Rate Income Trust (NYSE:BGT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,266 shares of the investment management company’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BGT. Ameriprise Financial Inc. lifted its holdings in shares of BlackRock Floating Rate Income Trust by 9.6% in the second quarter. Ameriprise Financial Inc. now owns 98,435 shares of the investment management company’s stock valued at $1,365,000 after purchasing an additional 8,601 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of BlackRock Floating Rate Income Trust in the second quarter valued at $159,000. Alpha Cubed Investments LLC lifted its holdings in shares of BlackRock Floating Rate Income Trust by 17.9% in the third quarter. Alpha Cubed Investments LLC now owns 23,690 shares of the investment management company’s stock valued at $334,000 after purchasing an additional 3,600 shares in the last quarter. Doliver Capital Advisors LP purchased a new stake in shares of BlackRock Floating Rate Income Trust in the third quarter valued at $209,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of BlackRock Floating Rate Income Trust by 6.3% in the third quarter. Wells Fargo & Company MN now owns 612,986 shares of the investment management company’s stock valued at $8,649,000 after purchasing an additional 36,281 shares in the last quarter.

Shares of BlackRock Floating Rate Income Trust (NYSE:BGT) opened at $13.57 on Monday. BlackRock Floating Rate Income Trust has a 1-year low of $13.40 and a 1-year high of $14.79.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be issued a $0.0583 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.16%.

ILLEGAL ACTIVITY NOTICE: This piece was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://theolympiareport.com/2018/02/12/seacrest-wealth-management-llc-invests-226000-in-blackrock-floating-rate-income-trust-bgt.html.

BlackRock Floating Rate Income Trust Profile

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.

Want to see what other hedge funds are holding BGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Floating Rate Income Trust (NYSE:BGT).

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

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.