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BlackRock Floating Rate Income Trust
BGT

50 hedge funds and large institutions have $80.4M invested in BlackRock Floating Rate Income Trust in 2017 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 12

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

4% more funds holding

Funds holding: 48 → 50 (+2)

2% more capital invested

Capital invested by funds: $79.2M → $80.4M (+$1.19M)

0.65% more ownership

Funds ownership: 23.02% → 23.66% (+0.65%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
50
Holders Change
+2
Holders Change %
+4.17%
% of All Funds
1.13%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
18
Reduced
12
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$1.94M
2
Wells Fargo
Wells Fargo
California
+$1.94M
3
Morgan Stanley
Morgan Stanley
New York
+$1.16M
4
CS
Comerica Securities
Michigan
+$887K
5
Ameriprise
Ameriprise
Minnesota
+$668K

Top Sellers

Rank Fund Capital Flow
1
ICOA
Investment Centers of America
North Dakota
-$2.37M
2
GC
Guggenheim Capital
Illinois
-$1.27M
3
CI
Conning Inc
Connecticut
-$1.14M
4
JIP
Jaffetilchin Investment Partners
Florida
-$688K
5
WAM
Wolverine Asset Management
Illinois
-$480K
Name Holding Trade Value Shares
Change 		Change in
Stake
ACI
26
Alpha Cubed Investments
California
$330K – – –
AG
27
Advisor Group
Arizona
$327K +$52.6K +3,773 +19%
Bank of Montreal
28
Bank of Montreal
Ontario, Canada
$305K -$893 -64 -0.3%
Janney Montgomery Scott
29
Janney Montgomery Scott
Pennsylvania
$264K – – –
CI
30
Conning Inc
Connecticut
$227K -$1.14M -81,474 -83%
SWM
31
SeaCrest Wealth Management
New York
$226K +$227K +16,266 New
WS
32
Wedbush Securities
California
$214K +$3.17K +227 +1%
HK
33
Horizon Kinetics
New York
$210K -$1.63K -117 -0.8%
GWM
34
Geneos Wealth Management
Colorado
$208K – – –
FFA
35
First Foundation Advisors
California
$180K – – –
RJA
36
Raymond James & Associates
Florida
$154K +$154K +11,071 New
RJFSA
37
Raymond James Financial Services Advisors
Florida
$149K -$33.1K -2,374 -18%
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$114K +$15.2K +1,093 +16%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$65K +$3.67K +263 +6%
Citigroup
40
Citigroup
New York
$65K +$31.2K +2,237 +92%
IWM
41
IHT Wealth Management
Illinois
$65K +$64.9K +4,650 New
PCM
42
Penserra Capital Management
California
$57K +$21.2K +1,519 +58%
AOWM
43
Alpha Omega Wealth Management
Virginia
$50K – – –
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$38K – – –
CT
45
CPF Texas
Texas
$10K +$9.77K +700 New
BTIS
46
BB&T Investment Services
North Carolina
$8K – – –
ASN
47
Advisory Services Network
Georgia
$6K – – –
CAC
48
Certified Advisory Corp
Florida
$5K +$5.61K +402 New
SPIA
49
Steward Partners Investment Advisory
New York
$2K +$2.79K +200 New
ICOA
50
Investment Centers of America
North Dakota
– -$2.37M -167,703 Closed
1
2
3

BGT Hedge Fund Activity: Q4 2017 in Review

50 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q4 2017, worth a combined $80.4M — up 1.5% from $79.2M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new BGT positions and 6 closed out — a net gain of 2 holders — while 18 added to existing stakes and 12 trimmed.

The largest buyer was LPL Financial, opening a new position worth an estimated $1.94M. The largest seller was Investment Centers of America, exiting entirely with an estimated $2.37M sold.

  • 50 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q4 2017, up from 48 in Q3 2017.
  • Funds reported $80.4M of BlackRock Floating Rate Income Trust stock for Q4 2017, up 1.5% quarter-over-quarter.
  • 8 funds opened new BlackRock Floating Rate Income Trust positions in Q4 2017 and 6 closed out, a net change of +2 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q4 2017 was LPL Financial, an estimated $1.94M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q4 2017 was Investment Centers of America, an estimated $2.37M sold.

Based on aggregated 13F filings for Q4 2017.