BlackRock Floating Rate Income Trust (NYSE:BGT) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Shares of BlackRock Floating Rate Income Trust (NYSE:BGTGet Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.13 and traded as low as $11.20. BlackRock Floating Rate Income Trust shares last traded at $11.24, with a volume of 146,569 shares traded.

BlackRock Floating Rate Income Trust Stock Performance

The firm has a 50-day moving average price of $11.59 and a two-hundred day moving average price of $12.13.

BlackRock Floating Rate Income Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a dividend of $0.1203 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Atlantic Union Bankshares Corp purchased a new stake in shares of BlackRock Floating Rate Income Trust in the 3rd quarter worth $26,000. Trust Co. of Toledo NA OH bought a new stake in shares of BlackRock Floating Rate Income Trust in the second quarter valued at about $49,000. Reyes Financial Architecture Inc. purchased a new stake in BlackRock Floating Rate Income Trust in the second quarter worth about $58,000. D.A. Davidson & CO. purchased a new stake in BlackRock Floating Rate Income Trust in the third quarter worth about $126,000. Finally, Jane Street Group LLC bought a new position in BlackRock Floating Rate Income Trust during the 2nd quarter worth about $138,000.

About BlackRock Floating Rate Income Trust

(Get Free Report)

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.

Further Reading

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