We are live on ! Find out more
BGT icon

BlackRock Floating Rate Income Trust
BGT

44 hedge funds and large institutions have $78.2M invested in BlackRock Floating Rate Income Trust in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 11 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 11

3% less capital invested

Capital invested by funds: $80.9M → $78.2M (-$2.65M)

1.84% less ownership

Funds ownership: 24.28% → 22.44% (-1.8%)

6% less funds holding

Funds holding: 47 → 44 (-3)

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

Holders
44
Holders Change
-3
Holders Change %
-6.38%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
19
Reduced
11
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CA
Cornerstone Advisory
Maryland
+$1.51M
2
AAM
Advisors Asset Management
Colorado
+$1.4M
3
Ameriprise
Ameriprise
Minnesota
+$1.3M
4
GC
Guggenheim Capital
Illinois
+$999K
5
MML Investors Services
MML Investors Services
Massachusetts
+$947K

Top Sellers

Rank Fund Capital Flow
1
ZIG
Zuckerman Investment Group
Illinois
-$3.52M
2
FWIA
Fort Washington Investment Advisors
Ohio
-$2.37M
3
WA
WFG Advisors
Texas
-$2.31M
4
Wells Fargo
Wells Fargo
California
-$1.33M
5
Invesco
Invesco
Georgia
-$1.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$458K +$268K +18,596 +138%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$414K +$118K +8,184 +39%
Janney Montgomery Scott
28
Janney Montgomery Scott
Pennsylvania
$376K – – –
HK
29
Horizon Kinetics
New York
$306K -$242K -16,755 -44%
ACI
30
Alpha Cubed Investments
California
$208K +$41.9K +2,906 +25%
WS
31
Wedbush Securities
California
$202K +$204K +14,164 New
FFA
32
First Foundation Advisors
California
$184K – – –
GWM
33
Geneos Wealth Management
Colorado
$167K +$29.6K +2,050 +21%
AG
34
Advisor Group
Arizona
$163K -$25.8K -1,791 -14%
M&T Bank
35
M&T Bank
New York
$152K +$153K +10,610 New
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$105K +$548 +38 +0.5%
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$66K -$7.21K -500 -10%
AOWM
38
Alpha Omega Wealth Management
Virginia
$51K – – –
Creative Planning
39
Creative Planning
Kansas
$34K +$17.1K +1,189 +99%
BTIS
40
BB&T Investment Services
North Carolina
$9K – – –
ASN
41
Advisory Services Network
Georgia
$6K +$5.77K +400 New
PCM
42
Penserra Capital Management
California
$4K -$649 -45 -12%
IA
43
IFP Advisors
Florida
$4K – – –
ZIG
44
Zuckerman Investment Group
Illinois
– -$3.52M -250,231 Closed
WA
45
WFG Advisors
Texas
– -$2.31M -164,194 Closed
RVPG
46
Relative Value Partners Group
– -$842K -59,785 Closed
CS
47
Credit Suisse
Switzerland
– -$247K -17,595 Closed
VKH
48
Virtu KCG Holdings
New York
– -$247K -17,536 Closed
RJA
49
Raymond James & Associates
Florida
– -$217K -15,383 Closed
SPC
50
Sigma Planning Corp
Michigan
– -$154K -10,937 Closed
1
2

BGT Hedge Fund Activity: Q1 2017 in Review

44 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2017, worth a combined $78.2M — down 3.3% from $80.9M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of BGT and 6 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 19 added.

The largest buyer was Cornerstone Advisory, opening a new position worth an estimated $1.51M. The largest seller was Zuckerman Investment Group, exiting entirely with an estimated $3.52M sold.

  • 44 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2017, down from 47 in Q4 2016.
  • Funds reported $78.2M of BlackRock Floating Rate Income Trust stock for Q1 2017, down 3.3% quarter-over-quarter.
  • 6 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2017 and 8 closed out, a net change of -2 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q1 2017 was Cornerstone Advisory, an estimated $1.51M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q1 2017 was Zuckerman Investment Group, an estimated $3.52M sold.

Based on aggregated 13F filings for Q1 2017.