Cornerstone Advisory LLP trimmed its holdings in BlackRock Floating Rate Income Trust (NYSE:BGT) by 34.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,398 shares of the investment management company’s stock after selling 19,999 shares during the period. Cornerstone Advisory LLP owned about 0.16% of BlackRock Floating Rate Income Trust worth $489,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James & Associates bought a new stake in shares of BlackRock Floating Rate Income Trust in the 4th quarter valued at approximately $154,000. Optimum Investment Advisors bought a new stake in shares of BlackRock Floating Rate Income Trust in the 1st quarter valued at approximately $171,000. Alpha Cubed Investments LLC increased its holdings in shares of BlackRock Floating Rate Income Trust by 51.2% in the 2nd quarter. Alpha Cubed Investments LLC now owns 20,684 shares of the investment management company’s stock valued at $270,000 after acquiring an additional 7,000 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of BlackRock Floating Rate Income Trust in the 2nd quarter valued at approximately $273,000. Finally, Sit Investment Associates Inc. bought a new stake in shares of BlackRock Floating Rate Income Trust in the 2nd quarter valued at approximately $654,000.

Shares of NYSE BGT opened at $13.24 on Tuesday. BlackRock Floating Rate Income Trust has a twelve month low of $13.02 and a twelve month high of $14.33.

The company also recently declared a monthly dividend, which will be paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th will be issued a $0.062 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.62%.

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.

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

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