BlackRock Floating Rate Income Trust
BGT
54 hedge funds and large institutions have $77.7M invested in BlackRock Floating Rate Income Trust in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 10 closing their positions.
25% more capital inflows, than outflows
Capital inflows: $7.53M | Capital outflows: $6.03M
13% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 16
0.49% more ownership
Funds ownership: 24.12% → 24.61% (+0.49%)
2% less funds holding
Funds holding: 55 → 54 (-1)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Investment Centers of America
Bismarck,
North Dakota
|
+$1.36M |
| 2 |
ProVise Management Group
Clearwater,
Florida
|
+$1.15M |
| 3 |
WA
WFG Advisors
Dallas,
Texas
|
+$1.1M |
| 4 |
Shaker Financial Services
Arlington,
Virginia
|
+$925K |
| 5 |
1607 Capital Partners
Richmond,
Virginia
|
+$508K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Yorktown Management & Research Company
Forest,
Virginia
|
-$1.09M |
| 2 |
Trust Asset Management
Houston,
Texas
|
-$820K |
| 3 |
LPL Financial
San Diego,
California
|
-$628K |
| 4 |
Guggenheim Capital
Chicago,
Illinois
|
-$509K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$488K |
BGT Hedge Fund Activity: Q2 2016 in Review
54 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q2 2016, worth a combined $77.7M — up 2% from $76.2M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BGT and 9 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 18 added.
The largest buyer was Investment Centers of America, opening a new position worth an estimated $1.36M. The largest seller was Yorktown Management & Research Company, cutting an estimated $1.09M.
- 54 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q2 2016, down from 55 in Q1 2016.
- Funds reported $77.7M of BlackRock Floating Rate Income Trust stock for Q2 2016, up 2% quarter-over-quarter.
- 9 funds opened new BlackRock Floating Rate Income Trust positions in Q2 2016 and 10 closed out, a net change of -1 holder.
- The largest BlackRock Floating Rate Income Trust buyer in Q2 2016 was Investment Centers of America, an estimated $1.36M added.
- The largest BlackRock Floating Rate Income Trust seller in Q2 2016 was Yorktown Management & Research Company, an estimated $1.09M sold.
Based on aggregated 13F filings for Q2 2016.