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EFT

Eaton Vance Floating-Rate Income Trust
EFT

77 hedge funds and large institutions have $198M invested in Eaton Vance Floating-Rate Income Trust in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 19

6% more capital invested

Capital invested by funds: $187M → $198M (+$10.4M)

0.52% less ownership

Funds ownership: 34.22% → 33.7% (-0.52%)

5% less funds holding

Funds holding: 81 → 77 (-4)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

50% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 8

Holders
77
Holders Change
-4
Holders Change %
-4.94%
% of All Funds
2.05%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
4
Increased
26
Reduced
19
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$4.13M
2
AAM
Advisors Asset Management
Colorado
+$1.19M
3
GC
Guggenheim Capital
Illinois
+$856K
4
WCMNY
Westchester Capital Management (New York)
New York
+$711K
5
TAF
Tredje AP-fonden
Sweden
+$645K

Top Sellers

Rank Fund Capital Flow
1
ZIG
Zuckerman Investment Group
Illinois
-$4.37M
2
OHA
Oak Hill Advisors
New York
-$2.09M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.66M
4
UCFA
United Capital Financial Advisors
Texas
-$1.6M
5
RPA
Rock Point Advisors
Vermont
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
Cohen & Steers
26
Cohen & Steers
New York
$1.35M – – –
Envestnet Asset Management
27
Envestnet Asset Management
Illinois
$1.33M -$1.66M -119,283 -56%
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$1.26M +$353K +25,281 +40%
BB
29
Bell Bank
North Dakota
$1.04M – – –
Stifel Financial
30
Stifel Financial
Missouri
$880K +$174K +12,470 +25%
HFS
31
HL Financial Services
Kentucky
$797K +$84.4K +6,048 +12%
Citigroup
32
Citigroup
New York
$764K +$23.9K +1,714 +3%
Creative Planning
33
Creative Planning
Kansas
$752K +$40K +2,865 +6%
CIA
34
Capital Investment Advisors
Georgia
$744K +$12.3K +880 +2%
AMH
35
Apollo Management Holdings
New York
$568K +$558K +40,000 New
Wells Fargo
36
Wells Fargo
California
$513K -$200K -14,315 -28%
Fifth Third Bancorp
37
Fifth Third Bancorp
Ohio
$426K – – –
SRC
38
Shufro Rose & Co
New York
$389K – – –
GWM
39
Greenwich Wealth Management
Connecticut
$357K -$25K -1,790 -7%
IA
40
IFP Advisors
Florida
$350K -$11.7K -836 -3%
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$326K +$20.2K +1,449 +7%
DI
42
Diligent Investors
California
$323K – – –
MAS
43
Madden Advisory Services
Florida
$284K – – –
HK
44
Horizon Kinetics
New York
$241K -$45.5K -3,261 -16%
OFG
45
OTA Financial Group
New York
$239K -$135K -9,699 -37%
Wellington Management Group
46
Wellington Management Group
Massachusetts
$220K – – –
HighTower Advisors
47
HighTower Advisors
Illinois
$215K +$488 +35 +0.2%
BHWM
48
Bar Harbor Wealth Management
New Hampshire
$211K – – –
MFS
49
MSI Financial Services
Massachusetts
$207K -$36.3K -2,604 -15%
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
$201K +$558 +40 +0.3%
1
2
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EFT Hedge Fund Activity: Q3 2016 in Review

77 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q3 2016, worth a combined $198M — up 5.6% from $187M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of EFT and 4 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 26 added.

The largest buyer was Bank of America, adding an estimated $4.13M. The largest seller was Zuckerman Investment Group, exiting entirely with an estimated $4.37M sold.

  • 77 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q3 2016, down from 81 in Q2 2016.
  • Funds reported $198M of Eaton Vance Floating-Rate Income Trust stock for Q3 2016, up 5.6% quarter-over-quarter.
  • 4 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q3 2016 and 8 closed out, a net change of -4 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q3 2016 was Bank of America, an estimated $4.13M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q3 2016 was Zuckerman Investment Group, an estimated $4.37M sold.

Based on aggregated 13F filings for Q3 2016.