LLBH Private Wealth Management LLC reduced its stake in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 226,065 shares of the investment management company’s stock after selling 5,015 shares during the period. BlackRock Floating Rate Income Trust makes up approximately 1.1% of LLBH Private Wealth Management LLC’s holdings, making the stock its 9th largest position. LLBH Private Wealth Management LLC’s holdings in BlackRock Floating Rate Income Trust were worth $3,158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wedbush Securities Inc. boosted its position in BlackRock Floating Rate Income Trust by 7.1% in the second quarter. Wedbush Securities Inc. now owns 15,164 shares of the investment management company’s stock valued at $212,000 after buying an additional 1,000 shares in the last quarter. Alpha Cubed Investments LLC boosted its position in BlackRock Floating Rate Income Trust by 37.7% in the second quarter. Alpha Cubed Investments LLC now owns 20,090 shares of the investment management company’s stock valued at $281,000 after buying an additional 5,500 shares in the last quarter. 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 in the last quarter. Rockland Trust Co. boosted its position in BlackRock Floating Rate Income Trust by 54.4% in the second quarter. Rockland Trust Co. now owns 59,043 shares of the investment management company’s stock valued at $825,000 after buying an additional 20,801 shares in the last quarter. Finally, Conning Inc. boosted its position in BlackRock Floating Rate Income Trust by 1.0% in the second quarter. Conning Inc. now owns 96,792 shares of the investment management company’s stock valued at $1,352,000 after buying an additional 962 shares in the last quarter.

BlackRock Floating Rate Income Trust (NYSE BGT) opened at 13.81 on Tuesday. BlackRock Floating Rate Income Trust has a 12-month low of $13.10 and a 12-month high of $14.79. The firm has a 50 day moving average price of $13.89 and a 200 day moving average price of $14.30.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be paid a $0.0583 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.70 dividend on an annualized basis and a yield of 5.07%.

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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.

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

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