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Northwestern Mutual Wealth Management Co. Sells 1,078 Shares of BlackRock Floating Rate Income Trust (NYSE:BGT)

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of BlackRock Floating Rate Income Trust (NYSE:BGTGet Rating) by 5.1% in the first quarter, Holdings Channel.com reports. The fund owned 19,857 shares of the investment management company’s stock after selling 1,078 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in BlackRock Floating Rate Income Trust were worth $253,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BGT. Commonwealth Equity Services LLC grew its stake in BlackRock Floating Rate Income Trust by 5.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 18,549 shares of the investment management company’s stock worth $259,000 after purchasing an additional 893 shares during the period. Capital Investment Advisors LLC grew its stake in BlackRock Floating Rate Income Trust by 6.6% in the first quarter. Capital Investment Advisors LLC now owns 32,125 shares of the investment management company’s stock worth $410,000 after purchasing an additional 2,000 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in BlackRock Floating Rate Income Trust by 9.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 25,888 shares of the investment management company’s stock worth $362,000 after purchasing an additional 2,174 shares during the period. Cornerstone Advisory LLC grew its stake in BlackRock Floating Rate Income Trust by 4.8% in the fourth quarter. Cornerstone Advisory LLC now owns 66,000 shares of the investment management company’s stock worth $923,000 after purchasing an additional 3,000 shares during the period. Finally, Shaker Financial Services LLC grew its stake in BlackRock Floating Rate Income Trust by 15.4% in the first quarter. Shaker Financial Services LLC now owns 52,436 shares of the investment management company’s stock worth $669,000 after purchasing an additional 7,005 shares during the period.

BlackRock Floating Rate Income Trust Stock Down 0.3 %

Shares of BGT stock opened at $11.67 on Wednesday. The business’s fifty day moving average is $11.47 and its 200 day moving average is $11.94. BlackRock Floating Rate Income Trust has a twelve month low of $10.78 and a twelve month high of $14.74.

BlackRock Floating Rate Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be paid a $0.065 dividend. This is a boost from BlackRock Floating Rate Income Trust’s previous monthly dividend of $0.06. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date of this dividend is Friday, August 12th.

BlackRock Floating Rate Income Trust Company Profile

(Get Rating)

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

Want to see what other hedge funds are holding BGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Floating Rate Income Trust (NYSE:BGTGet Rating).

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