BlackRock Floating Rate Income Trust
BGT
44 hedge funds and large institutions have $78.2M invested in BlackRock Floating Rate Income Trust in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 11 reducing their positions, and 8 closing their positions.
73% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 11
3% less capital invested
Capital invested by funds: $80.9M → $78.2M (-$2.65M)
1.84% less ownership
Funds ownership: 24.28% → 22.44% (-1.8%)
6% less funds holding
Funds holding: 47 → 44 (-3)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
+$1.51M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.4M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.3M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$999K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$947K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
-$3.52M |
| 2 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$2.37M |
| 3 |
WA
WFG Advisors
Dallas,
Texas
|
-$2.31M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.33M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$1.07M |
BGT Hedge Fund Activity: Q1 2017 in Review
44 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2017, worth a combined $78.2M — down 3.3% from $80.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BGT and 6 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 19 added.
The largest buyer was Cornerstone Advisory, opening a new position worth an estimated $1.51M. The largest seller was Zuckerman Investment Group, exiting entirely with an estimated $3.52M sold.
- 44 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2017, down from 47 in Q4 2016.
- Funds reported $78.2M of BlackRock Floating Rate Income Trust stock for Q1 2017, down 3.3% quarter-over-quarter.
- 6 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2017 and 8 closed out, a net change of -2 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q1 2017 was Cornerstone Advisory, an estimated $1.51M added.
- The largest BlackRock Floating Rate Income Trust seller in Q1 2017 was Zuckerman Investment Group, an estimated $3.52M sold.
Based on aggregated 13F filings for Q1 2017.