BlackRock Floating Rate Income Trust
BGT
51 hedge funds and large institutions have $82.1M invested in BlackRock Floating Rate Income Trust in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
2% more funds holding
Funds holding: 50 → 51 (+1)
2% more capital invested
Capital invested by funds: $80.4M → $82.1M (+$1.7M)
0.45% more ownership
Funds ownership: 23.66% → 24.12% (+0.45%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
16% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.31M |
| 2 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
+$1.62M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$886K |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
+$257K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$234K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.04M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$757K |
| 4 |
Cohen & Steers
New York
|
-$680K |
| 5 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
-$270K |
BGT Hedge Fund Activity: Q1 2018 in Review
51 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in BlackRock Floating Rate Income Trust (BGT) for Q1 2018, worth a combined $82.1M — up 2.1% from $80.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new BGT positions and 3 closed out — a net gain of 2 holders — while 16 added to existing stakes and 19 trimmed.
The largest buyer was Wells Fargo, adding an estimated $3.31M. The largest seller was Morgan Stanley, cutting an estimated $1.6M.
- 51 institutional investors held BlackRock Floating Rate Income Trust (BGT) as of Q1 2018, up from 50 in Q4 2017.
- Funds reported $82.1M of BlackRock Floating Rate Income Trust stock for Q1 2018, up 2.1% quarter-over-quarter.
- 5 funds opened new BlackRock Floating Rate Income Trust positions in Q1 2018 and 3 closed out, a net change of +2 holders.
- The largest BlackRock Floating Rate Income Trust buyer in Q1 2018 was Wells Fargo, an estimated $3.31M added.
- The largest BlackRock Floating Rate Income Trust seller in Q1 2018 was Morgan Stanley, an estimated $1.6M sold.
Based on aggregated 13F filings for Q1 2018.