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BlackRock (NYSE:BLK) Floating Rate Income Trust (BGT) stock has reached a 52-week low, dipping to $11.94, as investors navigate a challenging economic landscape. With a market capitalization of $266 million and a beta of 0.64, InvestingPro data shows the fund maintains relatively low price volatility compared to the broader market. The fund, known for its focus on floating rate income strategies, offers an impressive 11.77% dividend yield and has maintained dividend payments for 22 consecutive years, according to InvestingPro analysis. While recent performance shows a YTD return of -1.9%, the fund trades at a P/E ratio of 12.05. This downturn reflects broader market trends and investor sentiment, as market participants weigh various factors influencing fixed income assets. The 52-week low serves as a critical indicator for investors monitoring the fund’s performance in the context of interest rate fluctuations and market volatility. [Discover more valuable insights and 5 additional ProTips with InvestingPro]
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