Waterfront Wealth Inc. Cuts Stock Holdings in BlackRock Floating Rate Income Trust (NYSE:BGT)

Waterfront Wealth Inc. trimmed its position in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,329 shares of the investment management company’s stock after selling 4,154 shares during the quarter. Waterfront Wealth Inc.’s holdings in BlackRock Floating Rate Income Trust were worth $1,143,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BGT. Raymond James & Associates grew its stake in BlackRock Floating Rate Income Trust by 48.1% in the 1st quarter. Raymond James & Associates now owns 32,000 shares of the investment management company’s stock valued at $408,000 after acquiring an additional 10,400 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in BlackRock Floating Rate Income Trust by 10.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 28,705 shares of the investment management company’s stock worth $366,000 after purchasing an additional 2,817 shares during the last quarter. Private Advisor Group LLC acquired a new stake in BlackRock Floating Rate Income Trust during the 1st quarter worth $149,000. UBS Group AG boosted its stake in BlackRock Floating Rate Income Trust by 16.5% during the 1st quarter. UBS Group AG now owns 361,948 shares of the investment management company’s stock worth $4,614,000 after purchasing an additional 51,296 shares during the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in BlackRock Floating Rate Income Trust during the 1st quarter worth $252,000.

BlackRock Floating Rate Income Trust Trading Down 0.2 %

BGT traded down $0.02 on Wednesday, hitting $12.71. 121,866 shares of the company’s stock were exchanged, compared to its average volume of 104,994. BlackRock Floating Rate Income Trust has a fifty-two week low of $10.95 and a fifty-two week high of $13.42. The firm has a 50-day moving average price of $12.95 and a 200-day moving average price of $12.36.

BlackRock Floating Rate Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, April 12th. This represents a $1.44 annualized dividend and a yield of 11.33%.

About BlackRock Floating Rate Income Trust

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.