Park Avenue Securities LLC Invests $237,000 in BlackRock Floating Rate Income Trust (BGT) Stock

Park Avenue Securities LLC acquired a new stake in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,348 shares of the investment management company’s stock, valued at approximately $237,000.

A number of other large investors also recently modified their holdings of the business. Raymond James & Associates lifted its stake in BlackRock Floating Rate Income Trust by 13.2% during the 4th quarter. Raymond James & Associates now owns 18,930 shares of the investment management company’s stock valued at $219,000 after acquiring an additional 2,200 shares in the last quarter. LPL Financial LLC lifted its stake in BlackRock Floating Rate Income Trust by 2.8% during the 4th quarter. LPL Financial LLC now owns 104,490 shares of the investment management company’s stock valued at $1,207,000 after acquiring an additional 2,837 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of BlackRock Floating Rate Income Trust during the 4th quarter worth $116,000. Dynamic Advisor Solutions LLC bought a new stake in shares of BlackRock Floating Rate Income Trust during the 1st quarter worth $138,000. Finally, Wiley BROS. Aintree Capital LLC bought a new stake in shares of BlackRock Floating Rate Income Trust during the 1st quarter worth $158,000.

NYSE BGT opened at $12.62 on Friday. BlackRock Floating Rate Income Trust has a one year low of $11.26 and a one year high of $13.62.

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.0618 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Tuesday, May 14th.

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

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