StoneX Group Inc. Purchases Shares of 14,631 BlackRock Floating Rate Income Trust (NYSE:BGT)

StoneX Group Inc. acquired a new stake in BlackRock Floating Rate Income Trust (NYSE:BGT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 14,631 shares of the investment management company’s stock, valued at approximately $188,000.

Other large investors also recently modified their holdings of the company. LPL Financial LLC lifted its holdings in BlackRock Floating Rate Income Trust by 19.3% during the 4th quarter. LPL Financial LLC now owns 486,324 shares of the investment management company’s stock worth $6,254,000 after purchasing an additional 78,573 shares during the last quarter. Avantax Advisory Services Inc. increased its position in BlackRock Floating Rate Income Trust by 60.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 33,005 shares of the investment management company’s stock worth $424,000 after buying an additional 12,447 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of BlackRock Floating Rate Income Trust during the fourth quarter worth $705,000. Client First Capital LLC bought a new stake in shares of BlackRock Floating Rate Income Trust in the fourth quarter valued at about $218,000. Finally, Graypoint LLC grew its stake in shares of BlackRock Floating Rate Income Trust by 2.8% in 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 in the last quarter.

BlackRock Floating Rate Income Trust Stock Down 0.8 %

NYSE:BGT opened at $12.24 on Friday. BlackRock Floating Rate Income Trust has a 52 week low of $12.05 and a 52 week high of $13.97. The firm’s 50-day simple moving average is $12.58 and its 200 day simple moving average is $12.82.

BlackRock Floating Rate Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.1203 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.80%.

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.