BMI ranks #1221 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
482 institutions disclose a position in BMI, but none treat it as a major bet — even Sandhill Capital Partners LLC, its most concentrated holder, allocates just 2.4% of its own portfolio to it.
First Trust Advisors LP has added to its BMI position for two straight quarters, increasing it by $51.4M to reach $114.5M today.
BlackRock has trimmed its BMI position for two straight quarters, cutting it by $168.7M while still holding $725.9M.
BMI is up 0.2% today, and institutions have been net buyers of $1.2B this quarter — today's price move and the underlying institutional flow are pointing the same direction.