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EFT

Eaton Vance Floating-Rate Income Trust
EFT

78 hedge funds and large institutions have $185M invested in Eaton Vance Floating-Rate Income Trust in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 19

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

1% more funds holding

Funds holding: 77 → 78 (+1)

3.03% less ownership

Funds ownership: 33.7% → 30.67% (-3%)

6% less capital invested

Capital invested by funds: $198M → $185M (-$12.5M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
78
Holders Change
+1
Holders Change %
+1.3%
% of All Funds
1.95%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
13
Increased
26
Reduced
19
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$5.91M
2
Bank of America
Bank of America
North Carolina
+$4.63M
3
FWIA
Fort Washington Investment Advisors
Ohio
+$3.93M
4
Morgan Stanley
Morgan Stanley
New York
+$2.56M
5
AAMU
Amundi Asset Management US
Massachusetts
+$1.67M

Top Sellers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$21.1M
2
Invesco
Invesco
Georgia
-$7.61M
3
WCMNY
Westchester Capital Management (New York)
New York
-$6.16M
4
YMRC
Yorktown Management & Research Company
Virginia
-$3.3M
5
BCC
Bain Capital Credit
Massachusetts
-$2.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$1.01M +$90.6K +6,244 +10%
Cohen & Steers
27
Cohen & Steers
New York
$996K -$411K -28,302 -30%
RPA
28
Rock Point Advisors
Vermont
$953K -$1.77M -121,597 -66%
HFS
29
HL Financial Services
Kentucky
$943K +$104K +7,155 +13%
Creative Planning
30
Creative Planning
Kansas
$787K -$1.57K -108 -0.2%
CIA
31
Capital Investment Advisors
Georgia
$749K -$31.3K -2,157 -4%
CS
32
Credit Suisse
Switzerland
$676K -$1.1M -75,994 -63%
Citigroup
33
Citigroup
New York
$669K -$129K -8,917 -17%
JSL
34
JT Stratford LLC
Georgia
$639K +$622K +42,870 New
AMH
35
Apollo Management Holdings
New York
$596K – – –
IA
36
IFP Advisors
Florida
$583K +$211K +14,522 +59%
Wells Fargo
37
Wells Fargo
California
$552K +$13.2K +912 +3%
SRC
38
Shufro Rose & Co
New York
$408K +$398K +27,400 New
OFG
39
OTA Financial Group
New York
$391K +$136K +9,391 +56%
Commonwealth Equity Services
40
Commonwealth Equity Services
Massachusetts
$365K +$22.4K +1,545 +7%
DI
41
Diligent Investors
California
$339K – – –
GWM
42
Greenwich Wealth Management
Connecticut
$331K -$42.3K -2,913 -12%
MAS
43
Madden Advisory Services
Florida
$298K – – –
Ameriprise
44
Ameriprise
Minnesota
$262K +$104K +7,183 +69%
ISL
45
Ingalls & Snyder LLC
New York
$243K +$237K +16,300 New
HK
46
Horizon Kinetics
New York
$241K -$11.6K -800 -5%
Wellington Management Group
47
Wellington Management Group
Massachusetts
$231K – – –
BHWM
48
Bar Harbor Wealth Management
New Hampshire
$221K – – –
HighTower Advisors
49
HighTower Advisors
Illinois
$220K -$6.84K -471 -3%
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
$213K +$552 +38 +0.3%
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EFT Hedge Fund Activity: Q4 2016 in Review

78 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q4 2016, worth a combined $185M — down 6.3% from $198M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new EFT positions and 10 closed out — a net gain of 3 holders — while 26 added to existing stakes and 19 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $5.91M. The largest seller was Baillie Gifford & Co, cutting an estimated $21.1M.

  • 78 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q4 2016, up from 77 in Q3 2016.
  • Funds reported $185M of Eaton Vance Floating-Rate Income Trust stock for Q4 2016, down 6.3% quarter-over-quarter.
  • 13 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q4 2016 and 10 closed out, a net change of +3 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q4 2016 was JP Morgan Chase, an estimated $5.91M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q4 2016 was Baillie Gifford & Co, an estimated $21.1M sold.

Based on aggregated 13F filings for Q4 2016.