BlackRock Floating Rate Income Trust (NYSE:BGT) stock breaks below the 50-day moving average of $11.45


BlackRock Floating Rate Income Trust (NYSE: BGT – Get Rating) fell below its fifty-day moving average during Friday’s trading. The stock has a fifty-day moving average of $11.45 and is trading as low as $10.99. BlackRock Floating Rate Income Trust shares last traded at $10.99, with trading volume of 62,535 shares.

The company has a fifty-day moving average price of $11.45 and a 200-day moving average price of $12.60.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.065 per share. This represents an annualized dividend of $0.78 and a dividend yield of 7.10%. The ex-dividend date is Tuesday, June 14.

A number of institutional investors and hedge funds have recently changed their holdings in BGT. Mid American Wealth Advisory Group Inc. increased its stake in BlackRock Floating Rate Income Trust by 503.3% in the first quarter. Mid American Wealth Advisory Group Inc. now owns 312,193 shares of the investment management firm worth $3,980,000 after purchasing an additional 260,448 shares last quarter. UBS Group AG increased its stake in BlackRock Floating Rate Income Trust by 57.3% in the third quarter. UBS Group AG now owns 361,355 shares of the investment management company worth $4,800,000 after buying an additional 131,701 shares last quarter. Guggenheim Capital LLC increased its stake in BlackRock Floating Rate Income Trust by 7.5% in the fourth quarter. Guggenheim Capital LLC now owns 467,399 shares of the investment management company worth $6,539,000 after buying 32,477 additional shares last quarter. Qube Research & Technologies Ltd acquired a new stake in BlackRock Floating Rate Income Trust in the fourth quarter worth approximately $335,000. Finally, Hedges Asset Management LLC acquired a new stake in BlackRock Floating Rate Income Trust in the fourth quarter worth approximately $322,000.

About BlackRock Floating Rate Income Trust (NYSE: BGT)

BlackRock Floating Rate Income Trust is a fixed-income, 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 fixed-income securities markets around the world worldwide while focusing on the United States. . The fund invests in corporate bonds operating in diversified sectors.

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