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EFT

Eaton Vance Floating-Rate Income Trust
EFT

59 hedge funds and large institutions have $88.4M invested in Eaton Vance Floating-Rate Income Trust in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 15

0.07% more ownership

Funds ownership: 14.44% → 14.51% (+0.07%)

5% less funds holding

Funds holding: 62 → 59 (-3)

5% less capital invested

Capital invested by funds: $93.1M → $88.4M (-$4.71M)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

Holders
59
Holders Change
-3
Holders Change %
-4.84%
% of All Funds
1.91%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
20
Reduced
15
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.38M
2
GC
Guggenheim Capital
Illinois
+$1.07M
3
Bank of America
Bank of America
North Carolina
+$436K
4
OFG
OTA Financial Group
New York
+$328K
5
Wells Fargo
Wells Fargo
California
+$325K

Top Sellers

Rank Fund Capital Flow
1
ARC
Absolute Return Capital
Massachusetts
-$1.15M
2
AAM
Advisors Asset Management
Colorado
-$703K
3
MIG
Mariner Investment Group
New York
-$361K
4
LPL Financial
LPL Financial
California
-$318K
5
CB
Commerce Bank
Missouri
-$318K
Name Holding Trade Value Shares
Change 		Change in
Stake
SNC
26
Stifel Nicolaus & Co
Missouri
$584K -$8.25K -506 -1%
CIBC World Market
27
CIBC World Market
Ontario, Canada
$565K -$31.1K -1,908 -5%
FAAS
28
First Allied Advisory Services
California
$444K +$3.65K +224 +0.8%
MAS
29
Madden Advisory Services
Florida
$411K -$65.8K -4,033 -13%
CB
30
Commerce Bank
Missouri
$346K -$318K -19,501 -47%
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$341K +$163K +10,000 +84%
EWM
32
Evercore Wealth Management
New York
$324K -$179K -11,000 -35%
VFS
33
VSR Financial Services
Kansas
$278K -$172K -10,533 -37%
Wellington Management Group
34
Wellington Management Group
Massachusetts
$241K -$35.9K -2,200 -12%
SRC
35
Shufro Rose & Co
New York
$225K – – –
DC
36
Davenport & Co
Virginia
$185K – – –
LWCFA
37
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$160K – – –
HI
38
Hudock Inc
Pennsylvania
$156K – – –
WAM
39
Wolverine Asset Management
Illinois
$148K +$156K +9,554 New
EWM
40
Edge Wealth Management
New York
$133K – – –
AIG
41
American International Group
New York
$132K +$18.3K +1,124 +15%
BRWA
42
B. Riley Wealth Advisors
Florida
$125K +$2.64K +162 +2%
Northwestern Mutual Wealth Management
43
Northwestern Mutual Wealth Management
Wisconsin
$105K +$1.58K +97 +1%
MA
44
MUFG Americas
New York
$104K – – –
GI
45
Gradient Investments
Minnesota
$62K +$15.7K +965 +32%
CAPTRUST Financial Advisors
46
CAPTRUST Financial Advisors
North Carolina
$55K – – –
HNB
47
Huntington National Bank
Ohio
$50K – – –
TRCT
48
Tower Research Capital (TRC)
New York
$49K +$17.4K +1,067 +51%
HCM
49
Highlander Capital Management
New Jersey
$46.7K – – –
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
$44K +$11.4K +700 +33%
1
2
3

EFT Hedge Fund Activity: Q3 2013 in Review

59 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q3 2013, worth a combined $88.4M — down 5.1% from $93.1M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of EFT and 4 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 20 added.

The largest buyer was Morgan Stanley, adding an estimated $1.38M. The largest seller was Absolute Return Capital, cutting an estimated $1.15M.

  • 59 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q3 2013, down from 62 in Q2 2013.
  • Funds reported $88.4M of Eaton Vance Floating-Rate Income Trust stock for Q3 2013, down 5.1% quarter-over-quarter.
  • 4 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q3 2013 and 7 closed out, a net change of -3 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q3 2013 was Morgan Stanley, an estimated $1.38M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q3 2013 was Absolute Return Capital, an estimated $1.15M sold.

Based on aggregated 13F filings for Q3 2013.