BlackRock Floating Rate Income Trust (NYSE:BGT) Shares Sold by Melfa Wealth Management Inc.

Melfa Wealth Management Inc. cut its stake in BlackRock Floating Rate Income Trust (NYSE:BGT) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,197 shares of the investment management company’s stock after selling 9,414 shares during the period. Melfa Wealth Management Inc.’s holdings in BlackRock Floating Rate Income Trust were worth $1,108,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new stake in shares of BlackRock Floating Rate Income Trust in the 3rd quarter worth about $8,284,000. Graypoint LLC grew its holdings in BlackRock Floating Rate Income Trust by 2.8% in the 4th quarter. Graypoint LLC now owns 194,738 shares of the investment management company’s stock worth $2,504,000 after buying an additional 5,320 shares in the last quarter. MML Investors Services LLC increased its position in BlackRock Floating Rate Income Trust by 2.7% in the 3rd quarter. MML Investors Services LLC now owns 96,891 shares of the investment management company’s stock valued at $1,254,000 after acquiring an additional 2,531 shares during the period. MONECO Advisors LLC raised its stake in BlackRock Floating Rate Income Trust by 5.0% during the 3rd quarter. MONECO Advisors LLC now owns 24,377 shares of the investment management company’s stock valued at $315,000 after acquiring an additional 1,150 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its position in BlackRock Floating Rate Income Trust by 56.0% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 19,778 shares of the investment management company’s stock worth $256,000 after acquiring an additional 7,100 shares during the period.

BlackRock Floating Rate Income Trust Trading Up 0.2 %

Shares of BGT opened at $12.54 on Wednesday. BlackRock Floating Rate Income Trust has a 52-week low of $12.05 and a 52-week high of $13.97. The firm has a 50-day moving average price of $12.96 and a 200 day moving average price of $12.93.

BlackRock Floating Rate Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.1203 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.44 annualized dividend and a yield of 11.51%.

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.