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BlackRock Floating Rate Income Trust
BGT

54 hedge funds and large institutions have $77.7M invested in BlackRock Floating Rate Income Trust in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 16

2% more capital invested

Capital invested by funds: $76.2M → $77.7M (+$1.49M)

0.49% more ownership

Funds ownership: 24.12% → 24.61% (+0.49%)

2% less funds holding

Funds holding: 55 → 54 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
54
Holders Change
-1
Holders Change %
-1.82%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
18
Reduced
16
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ICOA
Investment Centers of America
North Dakota
+$1.36M
2
PMG
ProVise Management Group
Florida
+$1.15M
3
WA
WFG Advisors
Texas
+$1.1M
4
SFS
Shaker Financial Services
Virginia
+$925K
5
1CP
1607 Capital Partners
Virginia
+$508K

Top Sellers

Rank Fund Capital Flow
1
YMRC
Yorktown Management & Research Company
Virginia
-$1.09M
2
TAM
Trust Asset Management
Texas
-$820K
3
LPL Financial
LPL Financial
California
-$628K
4
GC
Guggenheim Capital
Illinois
-$509K
5
UBS Group
UBS Group
Switzerland
-$488K
Name Holding Trade Value Shares
Change 		Change in
Stake
1CP
26
1607 Capital Partners
Virginia
$510K +$508K +39,343 New
CIA
27
Capital Investment Advisors
Georgia
$488K +$65 +5 +0%
NL
28
NWAM LLC
Washington
$430K -$6.16K -477 -1%
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$394K +$56K +4,334 +17%
COLIM
30
City of London Investment Management
United Kingdom
$383K – – –
RJT
31
Raymond James Trust
Florida
$298K – – –
RT
32
Rockland Trust
Massachusetts
$281K +$71.6K +5,542 +34%
ICAS
33
Investors Capital Advisory Services
Massachusetts
$275K +$47.5K +3,678 +21%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$244K -$26.8K -2,077 -10%
AGA
35
Accuvest Global Advisors
Utah
$242K +$50.7K +3,925 +27%
SPC
36
Sigma Planning Corp
Michigan
$192K -$11K -850 -5%
DA
37
Doliver Advisors
Texas
$183K +$181K +14,039 New
Bank of New York Mellon
38
Bank of New York Mellon
New York
$181K +$181K +13,984 New
FFA
39
First Foundation Advisors
California
$167K – – –
RJA
40
Raymond James & Associates
Florida
$166K +$1.42K +110 +0.9%
CA
41
Cornerstone Advisory
Maryland
$164K -$24.6K -1,905 -13%
GWM
42
Geneos Wealth Management
Colorado
$132K +$19.8K +1,530 +18%
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$119K +$27K +2,088 +29%
AG
44
Advisor Group
Arizona
$95K +$94.9K +7,350 New
PNC Financial Services Group
45
PNC Financial Services Group
Pennsylvania
$84K +$258 +20 +0.3%
Citigroup
46
Citigroup
New York
$48K +$47.4K +3,674 New
Creative Planning
47
Creative Planning
Kansas
$42K -$13 -1 -0%
AWM
48
Avior Wealth Management
Nebraska
$19K – – –
SEI Investments
49
SEI Investments
Pennsylvania
$10K +$9.9K +767 New
Northwestern Mutual Wealth Management
50
Northwestern Mutual Wealth Management
Wisconsin
$8K – – –
1
2
3

BGT Hedge Fund Activity: Q2 2016 in Review

54 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2016, worth a combined $77.7M — up 2% from $76.2M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BGT and 9 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 18 added.

The largest buyer was Investment Centers of America, opening a new position worth an estimated $1.36M. The largest seller was Yorktown Management & Research Company, cutting an estimated $1.09M.

  • 54 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2016, down from 55 in Q1 2016.
  • Funds reported $77.7M of BlackRock Floating Rate Income Trust stock for Q2 2016, up 2% quarter-over-quarter.
  • 9 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2016 and 10 closed out, a net change of -1 holder.
  • The largest BlackRock Floating Rate Income Trust buyer in Q2 2016 was Investment Centers of America, an estimated $1.36M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q2 2016 was Yorktown Management & Research Company, an estimated $1.09M sold.

Based on aggregated 13F filings for Q2 2016.