The market capitalization for BlackRock Floating Rate Income Trust (BGT) is $317.93 Million, making it a Small Cap company. Market cap is calculated by multiplying the current stock price by the total number of shares outstanding.
Market Capitalization
$317.93M
$317.93 Million
Calculation
- Stock Price
- $10.66
- Shares Outstanding
- 29.82M
- Market Cap
- $317.93M
Market Cap = Price × Shares Outstanding
Size Classification
Small Cap
$250M - $2B
Companies with market capitalization between $250 million and $2 billion.
Market Cap Size Scale
Micro Cap
<$250M
Small Cap
$250M-$2B
Mid Cap
$2B-$10B
Large Cap
$10B-$1T
Mega Cap
>$1T
Related Valuation Metrics
Key Statistics
| Market Cap | $317.93 Million |
| Stock Price | $10.66 |
| Shares Outstanding | 29.82M |
| Size Category | Small Cap |
| P/E Ratio | 9.78 |
| P/B Ratio | 0.81 |
About BlackRock Floating Rate Income Trust
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.
- Sector
- Financial Services
- Industry
- Asset Management - Income
- CEO
- Charles Choon Sik Park