Raymond James Financial Services Advisors Inc. lessened its stake in BlackRock Floating Rate Income Trust (NYSE:BGT) by 52.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,305 shares of the investment management company’s stock after selling 16,731 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Floating Rate Income Trust were worth $214,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Virtu KCG Holdings LLC purchased a new position in shares of BlackRock Floating Rate Income Trust in the 2nd quarter valued at about $159,000. Wedbush Securities Inc. increased its holdings in BlackRock Floating Rate Income Trust by 7.1% during the 2nd quarter. Wedbush Securities Inc. now owns 15,164 shares of the investment management company’s stock valued at $212,000 after acquiring an additional 1,000 shares in the last quarter. Alpha Cubed Investments LLC increased its holdings in BlackRock Floating Rate Income Trust by 37.7% during the 2nd quarter. Alpha Cubed Investments LLC now owns 20,090 shares of the investment management company’s stock valued at $281,000 after acquiring an additional 5,500 shares in the last quarter. Advisor Group Inc. increased its holdings in BlackRock Floating Rate Income Trust by 94.5% during the 2nd quarter. Advisor Group Inc. now owns 22,124 shares of the investment management company’s stock valued at $309,000 after acquiring an additional 10,748 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in BlackRock Floating Rate Income Trust by 4.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 27,571 shares of the investment management company’s stock valued at $385,000 after acquiring an additional 1,250 shares in the last quarter.

BlackRock Floating Rate Income Trust (NYSE BGT) opened at $14.07 on Monday. BlackRock Floating Rate Income Trust has a twelve month low of $13.26 and a twelve month high of $14.79.

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.0583 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.70 annualized dividend and a yield of 4.97%.

TRADEMARK VIOLATION WARNING: This report was reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/blackrock-floating-rate-income-trust-bgt-shares-sold-by-raymond-james-financial-services-advisors-inc/1699570.html.

BlackRock Floating Rate Income Trust Company 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.

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 Analyst Ratings Network's FREE daily email newsletter.