Virtus Investment Advisers LLC Decreases Stake in BlackRock Floating Rate Income Trust $BGT

Virtus Investment Advisers LLC cut its stake in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 23.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,652 shares of the investment management company’s stock after selling 18,629 shares during the quarter. Virtus Investment Advisers LLC’s holdings in BlackRock Floating Rate Income Trust were worth $772,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH acquired a new position in shares of BlackRock Floating Rate Income Trust in the 2nd quarter valued at $49,000. Reyes Financial Architecture Inc. purchased a new position in BlackRock Floating Rate Income Trust during the 2nd quarter worth $58,000. Rockefeller Capital Management L.P. increased its stake in BlackRock Floating Rate Income Trust by 6.2% in the second quarter. Rockefeller Capital Management L.P. now owns 17,209 shares of the investment management company’s stock valued at $215,000 after purchasing an additional 1,009 shares during the period. Cetera Investment Advisers purchased a new stake in shares of BlackRock Floating Rate Income Trust in the second quarter valued at about $232,000. Finally, Centric Wealth Management acquired a new stake in shares of BlackRock Floating Rate Income Trust during the first quarter worth about $247,000.

BlackRock Floating Rate Income Trust Price Performance

NYSE BGT opened at $11.33 on Friday. BlackRock Floating Rate Income Trust has a 52-week low of $10.21 and a 52-week high of $13.59. The business’s 50-day moving average price is $11.77 and its 200 day moving average price is $12.21.

BlackRock Floating Rate Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a $0.1203 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%.

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.