BlackRock Floating Rate Income Trust
BGT
58 hedge funds and large institutions have $63.4M invested in BlackRock Floating Rate Income Trust in 2022 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
13% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 16
5% more funds holding
Funds holding: 55 → 58 (+3)
1.67% more ownership
Funds ownership: 20.64% → 22.31% (+1.7%)
2% less capital invested
Capital invested by funds: $64.5M → $63.4M (-$1.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAWAG
Mid-American Wealth Advisory Group
Kansas City,
Missouri
|
+$3.4M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.21M |
| 3 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
+$846K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$670K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$278K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$930K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$607K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$592K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$576K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$549K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFGS
51
Concourse Financial Group Securities
Birmingham,
Alabama
| $29K | – | – | – |
|
|
OIA
52
Optimum Investment Advisors
Chicago,
Illinois
| $29K | – | – | – |
|
|
HA
53
Herold Advisors
New York
| $13.2K | +$13.5K | +1,033 | New |
|
|
EIP
54
Ellis Investment Partners
Berwyn,
Pennsylvania
| $13K | +$196 | +15 | +1% |
|
|
APA
55
American Portfolios Advisors
Holbrook,
New York
| $10.4K | – | – | – |
|
|
SCA
56
Stonebridge Capital Advisors
St Paul,
Minnesota
| $10K | +$10.5K | +800 | New |
|
|
LWA
57
Lowe Wealth Advisors
Columbia,
Maryland
| $4K | – | – | – |
|
|
58
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$549K | -39,278 | Closed |
|
|
HAM
59
Hedges Asset Management
Reno,
Nevada
| – | -$322K | -23,000 | Closed |
|
60
Citadel Advisors
Miami,
Florida
| – | -$179K | -12,830 | Closed |
|
|
HR
61
Howe & Rusling
Rochester,
New York
| – | -$10K | -690 | Closed |
|
BGT Hedge Fund Activity: Q1 2022 in Review
58 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2022, worth a combined $63.4M — down 1.7% from $64.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BGT positions and 5 closed out — a net gain of 4 holders — while 18 added to existing stakes and 16 trimmed.
The largest buyer was Mid-American Wealth Advisory Group, adding an estimated $3.4M. The largest seller was Coastal Bridge Advisors, cutting an estimated $930K.
- 58 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2022, up from 55 in Q4 2021.
- Funds reported $63.4M of BlackRock Floating Rate Income Trust stock for Q1 2022, down 1.7% quarter-over-quarter.
- 9 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2022 and 5 closed out, a net change of +4 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q1 2022 was Mid-American Wealth Advisory Group, an estimated $3.4M added.
- The largest BlackRock Floating Rate Income Trust seller in Q1 2022 was Coastal Bridge Advisors, an estimated $930K sold.
Based on aggregated 13F filings for Q1 2022.