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BlackRock Floating Rate Income Trust
BGT

78 hedge funds and large institutions have $91.4M invested in BlackRock Floating Rate Income Trust in 2019 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 34 increasing their positions, 16 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 16

100% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 4

5% more funds holding

Funds holding: 74 → 78 (+4)

0.02% more ownership

Funds ownership: 33.73% → 33.75% (+0.02%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less capital invested

Capital invested by funds: $92.5M → $91.4M (-$1.07M)

Holders
78
Holders Change
+4
Holders Change %
+5.41%
% of All Funds
1.71%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
34
Reduced
16
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.24M
2
UBS Group
UBS Group
Switzerland
+$495K
3
VEA
Virtus ETF Advisers
New York
+$290K
4
GC
Guggenheim Capital
Illinois
+$284K
5
PAG
Private Advisor Group
New Jersey
+$243K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.44M
2
ICM
Ionic Capital Management
New York
-$409K
3
BFM
Boothbay Fund Management
New York
-$378K
4
CS
Comerica Securities
Michigan
-$328K
5
SDAM
Shulman DeMeo Asset Management
New York
-$269K
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
26
Cornerstone Advisory
Maryland
$687K +$37K +3,000 +6%
AC
27
Almitas Capital
California
$586K +$234K +18,929 +66%
AA
28
AQR Arbitrage
Connecticut
$580K +$60.1K +4,871 +11%
PA
29
Pinnacle Associates
New York
$571K -$35.7K -2,895 -6%
FWIA
30
Fort Washington Investment Advisors
Ohio
$526K – – –
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$475K -$43K -3,480 -8%
Envestnet Asset Management
32
Envestnet Asset Management
Illinois
$468K -$168K -13,594 -26%
CIA
33
Capital Investment Advisors
Georgia
$464K +$37.4K +3,029 +9%
SFS
34
Shaker Financial Services
Virginia
$453K +$222K +18,000 +95%
MC
35
Matisse Capital
Oregon
$438K – – –
Cohen & Steers
36
Cohen & Steers
New York
$434K – – –
6M
37
6 Meridian
Kansas
$420K -$35K -2,833 -8%
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$391K +$1.34K +109 +0.3%
LCM
39
Landscape Capital Management
New Jersey
$366K +$27.1K +2,196 +8%
SXL
40
Summit X LLC
Missouri
$325K -$90.7K -7,345 -22%
PAS
41
Park Avenue Securities
New York
$319K +$47.3K +3,833 +17%
OIA
42
Optimum Investment Advisors
Illinois
$276K – – –
PAG
43
Private Advisor Group
New Jersey
$245K +$243K +19,666 New
SI
44
Stephens Inc
Arkansas
$242K – – –
CI
45
Conning Inc
Connecticut
$221K +$3.47K +281 +2%
GWM
46
Geneos Wealth Management
Colorado
$214K – – –
EPA
47
Element Pointe Advisors
Florida
$208K – – –
RJA
48
Raymond James & Associates
Florida
$205K – – –
Janney Montgomery Scott
49
Janney Montgomery Scott
Pennsylvania
$191K +$35.8K +2,900 +23%
NL
50
NWAM LLC
Washington
$187K +$1.65K +134 +0.9%
1
2
3 4

BGT Hedge Fund Activity: Q3 2019 in Review

78 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q3 2019, worth a combined $91.4M — down 1.2% from $92.5M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new BGT positions and 4 closed out — a net gain of 4 holders — while 34 added to existing stakes and 16 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $1.24M. The largest seller was Morgan Stanley, cutting an estimated $2.44M.

  • 78 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q3 2019, up from 74 in Q2 2019.
  • Funds reported $91.4M of BlackRock Floating Rate Income Trust stock for Q3 2019, down 1.2% quarter-over-quarter.
  • 8 funds opened new BlackRock Floating Rate Income Trust positions in Q3 2019 and 4 closed out, a net change of +4 holders.
  • The largest BlackRock Floating Rate Income Trust buyer in Q3 2019 was Royal Bank of Canada, an estimated $1.24M added.
  • The largest BlackRock Floating Rate Income Trust seller in Q3 2019 was Morgan Stanley, an estimated $2.44M sold.

Based on aggregated 13F filings for Q3 2019.