BlackRock Floating Rate Income Trust (NYSE:BGT) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. reduced its holdings in BlackRock Floating Rate Income Trust (NYSE:BGT) by 37.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,129 shares of the investment management company’s stock after selling 1,870 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in BlackRock Floating Rate Income Trust were worth $40,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Client First Capital LLC bought a new position in shares of BlackRock Floating Rate Income Trust in the 4th quarter worth about $218,000. Graypoint LLC lifted its position in shares of 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 during the last quarter. MML Investors Services LLC lifted its position in shares of 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 worth $1,254,000 after buying an additional 2,531 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its position in shares of BlackRock Floating Rate Income Trust by 56.0% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 19,778 shares of the investment management company’s stock worth $256,000 after buying an additional 7,100 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new position in shares of BlackRock Floating Rate Income Trust in the 3rd quarter worth about $8,284,000.

BlackRock Floating Rate Income Trust Trading Down 0.7 %

Shares of NYSE:BGT opened at $12.60 on Monday. The company’s 50-day moving average price is $12.68 and its 200 day moving average price is $12.87. BlackRock Floating Rate Income Trust has a fifty-two week low of $12.05 and a fifty-two week high of $13.97.

BlackRock Floating Rate Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.1203 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.44 annualized dividend and a yield of 11.46%.

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.