Hunter Associates Investment Management LLC Has $291,000 Stock Holdings in BlackRock Floating Rate Income Trust (NYSE:BGT)

Hunter Associates Investment Management LLC decreased its stake in BlackRock Floating Rate Income Trust (NYSE:BGT) by 13.5% in the third quarter, HoldingsChannel reports. The firm owned 22,500 shares of the investment management company’s stock after selling 3,511 shares during the period. Hunter Associates Investment Management LLC’s holdings in BlackRock Floating Rate Income Trust were worth $291,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Graypoint LLC lifted its stake in BlackRock Floating Rate Income Trust by 2.9% during the first quarter. Graypoint LLC now owns 179,139 shares of the investment management company’s stock valued at $2,325,000 after buying an additional 5,010 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of BlackRock Floating Rate Income Trust by 12.7% during the first quarter. Avantax Advisory Services Inc. now owns 18,735 shares of the investment management company’s stock valued at $243,000 after acquiring an additional 2,112 shares during the period. Advisors Asset Management Inc. lifted its position in shares of BlackRock Floating Rate Income Trust by 6.4% in the 1st quarter. Advisors Asset Management Inc. now owns 422,855 shares of the investment management company’s stock valued at $5,489,000 after acquiring an additional 25,614 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in BlackRock Floating Rate Income Trust in the 3rd quarter worth approximately $152,000.

BlackRock Floating Rate Income Trust Trading Down 0.5 %

NYSE BGT opened at $13.03 on Wednesday. The firm’s 50 day moving average price is $12.87 and its two-hundred day moving average price is $12.94. BlackRock Floating Rate Income Trust has a twelve month low of $11.34 and a twelve month high of $13.97.

BlackRock Floating Rate Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.1203 per share. This represents a $1.44 annualized dividend and a yield of 11.08%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.