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EFT

Eaton Vance Floating-Rate Income Trust
EFT

94 hedge funds and large institutions have $196M invested in Eaton Vance Floating-Rate Income Trust in 2019 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 29 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more capital invested

Capital invested by funds: $181M → $196M (+$15.2M)

4.59% more ownership

Funds ownership: 33.75% → 38.34% (+4.6%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 12

3% less funds holding

Funds holding: 97 → 94 (-3)

10% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 29

Holders
94
Holders Change
-3
Holders Change %
-3.09%
% of All Funds
2.04%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
12
Increased
26
Reduced
29
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$15.1M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$5.95M
3
RJA
Raymond James & Associates
Florida
+$2.78M
4
VEA
Virtus ETF Advisers
New York
+$2.39M
5
Stifel Financial
Stifel Financial
Missouri
+$1.92M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$3.56M
2
Morgan Stanley
Morgan Stanley
New York
-$1.35M
3
AAMU
Amundi Asset Management US
Massachusetts
-$1.05M
4
JP Morgan Chase
JP Morgan Chase
New York
-$993K
5
Ameriprise
Ameriprise
Minnesota
-$653K
Name Holding Trade Value Shares
Change 		Change in
Stake
WCMNY
26
Westchester Capital Management (New York)
New York
$1.98M – – –
Envestnet Asset Management
27
Envestnet Asset Management
Illinois
$1.48M +$376K +27,790 +34%
Baird Financial Group
28
Baird Financial Group
Wisconsin
$1.31M +$1.32M +97,506 New
AG
29
Advisor Group
Arizona
$1.18M +$274K +20,207 +30%
RCM
30
Robinson Capital Management
Michigan
$1.08M +$650K +48,000 +150%
BB
31
Bell Bank
North Dakota
$986K – – –
LPL Financial
32
LPL Financial
California
$925K +$31.3K +2,315 +3%
MIG
33
Mariner Investment Group
New York
$912K – – –
LTFS
34
Ladenburg Thalmann Financial Services
Florida
$868K -$192K -14,170 -18%
CAN
35
Cetera Advisor Networks
California
$845K -$18.1K -1,335 -2%
SCP
36
Shorepoint Capital Partners
Massachusetts
$809K +$812K +60,000 New
Wells Fargo
37
Wells Fargo
California
$780K -$38.5K -2,846 -5%
SFS
38
Shaker Financial Services
Virginia
$732K +$461K +34,022 +168%
AA
39
AQR Arbitrage
Connecticut
$683K – – –
GAMC
40
Garner Asset Management Corp
Texas
$678K +$948 +70 +0.1%
NCM
41
Next Capital Management
New York
$669K +$122K +9,018 +22%
EVM
42
Eaton Vance Management
Massachusetts
$640K – – –
Cambridge Investment Research Advisors
43
Cambridge Investment Research Advisors
Iowa
$572K -$112K -8,281 -16%
CIA
44
Capital Investment Advisors
Georgia
$538K +$1.35K +100 +0.3%
LCM
45
Landscape Capital Management
New Jersey
$537K -$138K -10,209 -20%
Koshinski Asset Management
46
Koshinski Asset Management
Illinois
$494K +$86.3K +6,372 +21%
ACM
47
Arlington Capital Management
Illinois
$490K -$40.9K -3,020 -8%
Ameriprise
48
Ameriprise
Minnesota
$477K -$653K -48,227 -58%
QGA
49
Q Global Advisors
Texas
$419K – – –
SRC
50
Shufro Rose & Co
New York
$389K -$4.06K -300 -1%
1
2
3 4 5

EFT Hedge Fund Activity: Q2 2019 in Review

94 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q2 2019, worth a combined $196M — up 8.4% from $181M a quarter earlier.

Fund positioning in EFT was balanced in Q2 2019: 12 funds opened new positions, 12 closed out, 26 added to existing stakes and 29 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $15.1M. The largest seller was Bank of America, cutting an estimated $3.56M.

  • 94 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q2 2019, down from 97 in Q1 2019.
  • Funds reported $196M of Eaton Vance Floating-Rate Income Trust stock for Q2 2019, up 8.4% quarter-over-quarter.
  • 12 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q2 2019 and 12 closed out, a net change of 0 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q2 2019 was Saba Capital Management, an estimated $15.1M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q2 2019 was Bank of America, an estimated $3.56M sold.

Based on aggregated 13F filings for Q2 2019.