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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.94M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.94M |
| 3 |
Morgan Stanley
New York
|
+$1.16M |
| 4 |
CS
Comerica Securities
Detroit,
Michigan
|
+$887K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$668K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$2.37M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.27M |
| 3 |
CI
Conning Inc
Hartford,
Connecticut
|
-$1.14M |
| 4 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
-$688K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$480K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JIP
51
Jaffetilchin Investment Partners
Tampa,
Florida
| – | -$688K | -48,790 | Closed |
|
|
WAM
52
Wolverine Asset Management
Chicago,
Illinois
| – | -$480K | -34,026 | Closed |
|
|
DA
53
Doliver Advisors
Houston,
Texas
| – | -$209K | -14,817 | Closed |
|
|
IA
54
IFP Advisors
Tampa,
Florida
| – | -$4K | -300 | Closed |
|
55
SEI Investments
Oaks,
Pennsylvania
| – | -$4K | -95 | Closed |
|
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.