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EFT

Eaton Vance Floating-Rate Income Trust
EFT

68 hedge funds and large institutions have $188M invested in Eaton Vance Floating-Rate Income Trust in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 27 increasing their positions, 17 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 17

2% more capital invested

Capital invested by funds: $185M → $188M (+$3.33M)

0.74% less ownership

Funds ownership: 30.67% → 29.93% (-0.74%)

13% less funds holding

Funds holding: 78 → 68 (-10)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

62% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 13

Holders
68
Holders Change
-10
Holders Change %
-12.82%
% of All Funds
1.69%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
5
Increased
27
Reduced
17
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Invesco
Invesco
Georgia
+$7.66M
2
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$2.21M
3
GC
Guggenheim Capital
Illinois
+$1.71M
4
AAM
Advisors Asset Management
Colorado
+$1.63M
5
Bank of America
Bank of America
North Carolina
+$1.14M

Top Sellers

1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$7.72M
2
KLI
Kelman-Lazarov Inc
Tennessee
-$6.14M
3
FWIA
Fort Washington Investment Advisors
Ohio
-$4.11M
4
Morgan Stanley
Morgan Stanley
New York
-$1.65M
5
CS
Credit Suisse
Switzerland
-$676K
Name Holding Trade Value Shares
Change 		Change in
Stake
HFS
26
HL Financial Services
Kentucky
$912K -$47K -3,093 -5%
PCP
27
Proficio Capital Partners
Massachusetts
$906K -$377K -24,808 -29%
CIA
28
Capital Investment Advisors
Georgia
$745K -$16K -1,053 -2%
Wells Fargo
29
Wells Fargo
California
$729K +$169K +11,121 +30%
Creative Planning
30
Creative Planning
Kansas
$689K -$111K -7,317 -14%
Citigroup
31
Citigroup
New York
$684K +$4.12K +271 +0.6%
IA
32
IFP Advisors
Florida
$649K +$56.6K +3,724 +10%
AMH
33
Apollo Management Holdings
New York
$606K – – –
JSL
34
JT Stratford LLC
Georgia
$503K -$147K -9,670 -23%
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$431K +$60K +3,950 +16%
SRC
36
Shufro Rose & Co
New York
$382K -$33.4K -2,200 -8%
DI
37
Diligent Investors
California
$344K – – –
WEC
38
Winslow Evans & Crocker
Massachusetts
$313K +$286K +18,826 +1,007%
Ameriprise
39
Ameriprise
Minnesota
$298K +$32.1K +2,116 +12%
GWM
40
Greenwich Wealth Management
Connecticut
$288K -$48.7K -3,205 -14%
AG
41
Advisor Group
Arizona
$258K +$83.2K +5,478 +47%
ASN
42
Advisory Services Network
Georgia
$251K +$251K +16,550 New
HK
43
Horizon Kinetics
New York
$245K – – –
FDCDDQ
44
Federation des caisses Desjardins du Quebec
Quebec, Canada
$242K +$243K +16,000 New
Wellington Management Group
45
Wellington Management Group
Massachusetts
$235K – – –
FHA
46
Flagship Harbor Advisors
Massachusetts
$219K +$222K +14,589 New
TFCP
47
Twin Focus Capital Partners
Massachusetts
$215K – – –
HighTower Advisors
48
HighTower Advisors
Illinois
$214K -$8.66K -570 -4%
PNC Financial Services Group
49
PNC Financial Services Group
Pennsylvania
$207K -$9.42K -620 -4%
FA
50
FCG Advisors
New Jersey
$204K – – –
1
2
3 4

EFT Hedge Fund Activity: Q1 2017 in Review

68 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q1 2017, worth a combined $188M — up 1.8% from $185M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of EFT and 5 opened new positions — a net loss of 8 holders — while 17 trimmed existing stakes and 27 added.

The largest buyer was Invesco, adding an estimated $7.66M. The largest seller was Baillie Gifford & Co, exiting entirely with an estimated $7.72M sold.

  • 68 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q1 2017, down from 78 in Q4 2016.
  • Funds reported $188M of Eaton Vance Floating-Rate Income Trust stock for Q1 2017, up 1.8% quarter-over-quarter.
  • 5 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q1 2017 and 13 closed out, a net change of -8 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q1 2017 was Invesco, an estimated $7.66M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q1 2017 was Baillie Gifford & Co, an estimated $7.72M sold.

Based on aggregated 13F filings for Q1 2017.