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EFT

Eaton Vance Floating-Rate Income Trust
EFT

83 hedge funds and large institutions have $202M invested in Eaton Vance Floating-Rate Income Trust in 2018 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 21 increasing their positions, 22 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

8% more funds holding

Funds holding: 77 → 83 (+6)

2% less capital invested

Capital invested by funds: $206M → $202M (-$4.56M)

5% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 22

1.95% less ownership

Funds ownership: 32.16% → 30.21% (-2%)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
83
Holders Change
+6
Holders Change %
+7.79%
% of All Funds
1.9%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
16
Increased
21
Reduced
22
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CWM
Cornerstone Wealth Management
Missouri
+$3.85M
2
Bank of America
Bank of America
North Carolina
+$2.85M
3
WCMNY
Westchester Capital Management (New York)
New York
+$1.18M
4
Wells Fargo
Wells Fargo
California
+$870K
5
NMC
Nine Masts Capital
Hong Kong
+$856K

Top Sellers

Rank Fund Capital Flow
1
RCA
Restructuring Capital Associates
Connecticut
-$17.6M
2
SIA
Sit Investment Associates
Minnesota
-$2.24M
3
RVPG
Relative Value Partners Group
-$1.7M
4
AAM
Advisors Asset Management
Colorado
-$857K
5
Morgan Stanley
Morgan Stanley
New York
-$823K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
26
LPL Financial
California
$958K +$19.9K +1,333 +2%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$852K -$484K -32,445 -36%
Citigroup
28
Citigroup
New York
$844K -$7.94K -532 -0.9%
NMC
29
Nine Masts Capital
Hong Kong
$831K +$856K +57,300 New
Loomis, Sayles & Company
30
Loomis, Sayles & Company
Massachusetts
$779K -$796K -53,314 -50%
GAMC
31
Garner Asset Management Corp
Texas
$726K -$8.96K -600 -1%
Ameriprise
32
Ameriprise
Minnesota
$689K +$289K +19,375 +69%
CIA
33
Capital Investment Advisors
Georgia
$596K -$52.8K -3,536 -8%
Koshinski Asset Management
34
Koshinski Asset Management
Illinois
$484K +$85.2K +5,708 +21%
Creative Planning
35
Creative Planning
Kansas
$436K -$265K -17,729 -37%
OFG
36
OTA Financial Group
New York
$407K +$419K +28,095 New
SRC
37
Shufro Rose & Co
New York
$394K – – –
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$372K -$8.14K -545 -2%
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$370K -$19.6K -1,315 -5%
CAN
40
Cetera Advisor Networks
California
$342K +$352K +23,545 New
Lido Advisors
41
Lido Advisors
California
$325K +$119K +7,996 +55%
DI
42
Diligent Investors
California
$319K – – –
GWM
43
Greenwich Wealth Management
Connecticut
$261K -$1.37K -92 -0.5%
RPA
44
Rock Point Advisors
Vermont
$250K -$552K -36,994 -68%
RJFSA
45
Raymond James Financial Services Advisors
Florida
$240K +$247K +16,519 New
LTFS
46
Ladenburg Thalmann Financial Services
Florida
$233K – – –
LFAS
47
Level Four Advisory Services
Texas
$224K – – –
PCM
48
Penserra Capital Management
California
$224K +$57.9K +3,879 +33%
AG
49
Advisor Group
Arizona
$211K -$3.52K -236 -2%
DA
50
Doliver Advisors
Texas
$209K +$216K +14,440 New
1
2
3 4

EFT Hedge Fund Activity: Q2 2018 in Review

83 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q2 2018, worth a combined $202M — down 2.2% from $206M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new EFT positions and 9 closed out — a net gain of 7 holders — while 21 added to existing stakes and 22 trimmed.

The largest buyer was Cornerstone Wealth Management, adding an estimated $3.85M. The largest seller was Restructuring Capital Associates, exiting entirely with an estimated $17.6M sold.

  • 83 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q2 2018, up from 77 in Q1 2018.
  • Funds reported $202M of Eaton Vance Floating-Rate Income Trust stock for Q2 2018, down 2.2% quarter-over-quarter.
  • 16 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q2 2018 and 9 closed out, a net change of +7 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q2 2018 was Cornerstone Wealth Management, an estimated $3.85M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q2 2018 was Restructuring Capital Associates, an estimated $17.6M sold.

Based on aggregated 13F filings for Q2 2018.