Horizon Kinetics Asset Management LLC Has $256,000 Position in BlackRock Floating Rate Income Trust (NYSE:BGT)

Horizon Kinetics Asset Management LLC raised its stake in shares of BlackRock Floating Rate Income Trust (NYSE:BGT) by 56.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,778 shares of the investment management company’s stock after buying an additional 7,100 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in BlackRock Floating Rate Income Trust were worth $256,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC bought a new position in shares of BlackRock Floating Rate Income Trust during the 3rd quarter valued at $152,000. MONECO Advisors LLC raised its holdings in shares of 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 purchasing an additional 1,150 shares in the last quarter. Graypoint LLC raised its holdings in shares of BlackRock Floating Rate Income Trust by 2.8% during the 2nd quarter. Graypoint LLC now owns 184,212 shares of the investment management company’s stock valued at $2,351,000 after purchasing an additional 5,073 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new position in shares of BlackRock Floating Rate Income Trust during the 3rd quarter valued at $8,284,000.

BlackRock Floating Rate Income Trust Stock Performance

BlackRock Floating Rate Income Trust stock opened at $12.91 on Wednesday. The firm’s fifty day simple moving average is $12.96 and its 200-day simple moving average is $12.96. BlackRock Floating Rate Income Trust has a 1-year low of $11.91 and a 1-year high of $13.97.

BlackRock Floating Rate Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.1203 per share. The ex-dividend date is Friday, November 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.18%.

BlackRock Floating Rate Income Trust 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.