BlackRock Floating Rate Income Trust (BGT)
BlackRock Floating Rate Income Trust operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $11.07, down 0.05% on the session, giving a market capitalisation of $330.3M. On trailing twelve-month figures it carries a trailing P/E of 15.17, a net margin of 83.2%. Its beta of 0.46 implies it has historically moved less than the broad market.
BlackRock Floating Rate Income Trust, an investment vehicle established in the United States on August 30, 2004 (originally known as BlackRock Global Floating Rate Income Trust), operates as a closed-end mutual fund concentrating on fixed income. Jointly managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc., under the umbrella of BlackRock Inc., the Trust strategically allocates capital to fixed income instruments across international markets, with a significant emphasis on opportunities within the United States. Its portfolio primarily comprises corporate bonds issued by companies spanning various sectors. A key characteristic of its investment strategy is maintaining an average effective portfolio duration of no more than 1.5 years.
BlackRock Floating Rate Income Trust is most often compared with the following Financial Services names: