Sunbelt Securities Inc. Buys Shares of 12,418 BlackRock Floating Rate Income Trust (NYSE:BGT)

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Sunbelt Securities Inc. bought a new stake in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) in the third quarter, Holdings Channel reports. The fund bought 12,418 shares of the investment management company’s stock, valued at approximately $152,000.

Several other hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its stake in shares of BlackRock Floating Rate Income Trust by 13.1% in the second quarter. Commonwealth Equity Services LLC now owns 31,815 shares of the investment management company’s stock worth $395,000 after acquiring an additional 3,695 shares during the last quarter. Park Avenue Securities LLC boosted its stake in BlackRock Floating Rate Income Trust by 14.4% in the 2nd quarter. Park Avenue Securities LLC now owns 22,142 shares of the investment management company’s stock worth $275,000 after purchasing an additional 2,794 shares in the last quarter. Optimum Investment Advisors grew its position in BlackRock Floating Rate Income Trust by 36.4% during the 2nd quarter. Optimum Investment Advisors now owns 22,500 shares of the investment management company’s stock valued at $279,000 after purchasing an additional 6,000 shares during the last quarter. Advisor Group Inc. grew its position in BlackRock Floating Rate Income Trust by 16.1% during the 2nd quarter. Advisor Group Inc. now owns 5,845 shares of the investment management company’s stock valued at $72,000 after purchasing an additional 809 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in BlackRock Floating Rate Income Trust by 115.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 51,764 shares of the investment management company’s stock valued at $643,000 after purchasing an additional 27,695 shares in the last quarter.

Shares of BlackRock Floating Rate Income Trust stock opened at $12.64 on Tuesday. The company has a 50-day simple moving average of $12.45 and a two-hundred day simple moving average of $12.37. BlackRock Floating Rate Income Trust has a 52-week low of $11.26 and a 52-week high of $12.75.

The company also recently declared a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.076 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend was Thursday, November 14th.

In related news, insider May Peter 792,005 shares of the firm’s stock in a transaction on Friday, November 1st.

BlackRock Floating Rate Income Trust Company 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.

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Want to see what other hedge funds are holding BGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Floating Rate Income Trust (NYSE:BGT).

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

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