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EFT

Eaton Vance Floating-Rate Income Trust
EFT

90 hedge funds and large institutions have $197M invested in Eaton Vance Floating-Rate Income Trust in 2017 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 19 increasing their positions, 36 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

320% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 5

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

22% more funds holding

Funds holding: 74 → 90 (+16)

0.45% more ownership

Funds ownership: 32.85% → 33.29% (+0.45%)

1% less capital invested

Capital invested by funds: $199M → $197M (-$2.11M)

47% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 36

Holders
90
Holders Change
+16
Holders Change %
+21.62%
% of All Funds
2.04%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
21
Increased
19
Reduced
36
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RVPG
Relative Value Partners Group
+$10.4M
2
RCA
Restructuring Capital Associates
Connecticut
+$4M
3
WAM
Wolverine Asset Management
Illinois
+$1.61M
4
MIG
Mariner Investment Group
New York
+$1.18M
5
WCMNY
Westchester Capital Management (New York)
New York
+$1.14M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$13.3M
2
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
-$6.36M
3
CWM
Circle Wealth Management
New Jersey
-$2.04M
4
GC
Guggenheim Capital
Illinois
-$934K
5
CRC
Curi RMB Capital
Illinois
-$851K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$1.25M -$286K -19,824 -18%
MIG
27
Mariner Investment Group
New York
$1.17M +$1.18M +81,665 New
WCMNY
28
Westchester Capital Management (New York)
New York
$1.13M +$1.14M +79,084 New
BB
29
Bell Bank
North Dakota
$1.05M – – –
HFS
30
HL Financial Services
Kentucky
$993K +$131K +9,065 +15%
LPL Financial
31
LPL Financial
California
$916K -$7.21K -500 -0.8%
Wells Fargo
32
Wells Fargo
California
$906K -$97.8K -6,790 -10%
Stifel Financial
33
Stifel Financial
Missouri
$845K +$52.7K +3,656 +7%
RPA
34
Rock Point Advisors
Vermont
$799K -$118K -8,205 -13%
GAMC
35
Garner Asset Management Corp
Texas
$764K -$10.1K -700 -1%
Creative Planning
36
Creative Planning
Kansas
$696K -$15.5K -1,075 -2%
CIA
37
Capital Investment Advisors
Georgia
$651K -$16.3K -1,134 -2%
DA
38
Doliver Advisors
Texas
$601K -$713K -49,484 -54%
Citigroup
39
Citigroup
New York
$509K -$172K -11,964 -25%
BCM
40
BlueCrest Capital Management
Jersey
$490K +$493K +34,200 New
Squarepoint
41
Squarepoint
New York
$414K +$416K +28,866 New
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$395K +$12.7K +878 +3%
Bank of Montreal
43
Bank of Montreal
Ontario, Canada
$394K -$951 -66 -0.2%
SRC
44
Shufro Rose & Co
New York
$361K +$363K +25,200 New
Ameriprise
45
Ameriprise
Minnesota
$318K +$20.3K +1,408 +7%
DI
46
Diligent Investors
California
$315K – – –
Koshinski Asset Management
47
Koshinski Asset Management
Illinois
$302K -$22.3K -1,545 -7%
CWM
48
Cornerstone Wealth Management
Missouri
$272K +$93.4K +6,485 +53%
GWM
49
Greenwich Wealth Management
Connecticut
$265K – – –
WAM
50
Weiss Asset Management
Massachusetts
$263K +$84.2K +5,846 +47%
1
2
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EFT Hedge Fund Activity: Q4 2017 in Review

90 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q4 2017, worth a combined $197M — down 1.1% from $199M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new EFT positions and 5 closed out — a net gain of 16 holders — while 19 added to existing stakes and 36 trimmed.

The largest buyer was Relative Value Partners Group, opening a new position worth an estimated $10.4M. The largest seller was Invesco, cutting an estimated $13.3M.

  • 90 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q4 2017, up from 74 in Q3 2017.
  • Funds reported $197M of Eaton Vance Floating-Rate Income Trust stock for Q4 2017, down 1.1% quarter-over-quarter.
  • 21 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q4 2017 and 5 closed out, a net change of +16 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q4 2017 was Relative Value Partners Group, an estimated $10.4M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q4 2017 was Invesco, an estimated $13.3M sold.

Based on aggregated 13F filings for Q4 2017.