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EFT

Eaton Vance Floating-Rate Income Trust
EFT

92 hedge funds and large institutions have $265M invested in Eaton Vance Floating-Rate Income Trust in 2021 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 28 increasing their positions, 25 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 25

4% more capital invested

Capital invested by funds: $256M → $265M (+$9.53M)

2% less ownership

Funds ownership: 48.78% → 46.78% (-2%)

4% less funds holding

Funds holding: 96 → 92 (-4)

13% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 16

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
92
Holders Change
-4
Holders Change %
-4.17%
% of All Funds
1.62%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.07%
New
14
Increased
28
Reduced
25
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$5.21M
2
AFM
Andesa Financial Management
Pennsylvania
+$2.3M
3
SCM
Saba Capital Management
New York
+$1.72M
4
UBS Group
UBS Group
Switzerland
+$1.34M
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.12M

Top Sellers

Rank Fund Capital Flow
1
EIM
Elliott Investment Management
Florida
-$10.1M
2
PCM
Penserra Capital Management
California
-$6.62M
3
IA
Icon Advisers
Colorado
-$2.25M
4
MIG
Mariner Investment Group
New York
-$1.19M
5
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
Baird Financial Group
26
Baird Financial Group
Wisconsin
$1.78M +$136K +9,804 +8%
LPL Financial
27
LPL Financial
California
$1.57M +$185K +13,330 +14%
Truist Financial
28
Truist Financial
North Carolina
$1.5M -$114K -8,245 -7%
Wells Fargo
29
Wells Fargo
California
$1.49M +$254K +18,366 +21%
CWM
30
Circle Wealth Management
New Jersey
$1.33M -$45.6K -3,291 -3%
RJFSA
31
Raymond James Financial Services Advisors
Florida
$1.14M +$1.12M +80,950 New
Stifel Financial
32
Stifel Financial
Missouri
$1.11M +$285K +20,576 +35%
Envestnet Asset Management
33
Envestnet Asset Management
Illinois
$1.06M -$923K -66,660 -47%
HI
34
HBK Investments
Texas
$1.06M +$1.04M +75,200 New
RFC
35
Regions Financial Corp
Alabama
$1.06M +$831K +60,000 +400%
MIG
36
Mariner Investment Group
New York
$902K -$1.19M -86,044 -57%
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$650K -$10.9K -785 -2%
GAMC
38
Garner Asset Management Corp
Texas
$649K -$29.1K -2,100 -4%
WANY
39
Wealthspire Advisors (New York)
New York
$595K +$584K +42,200 New
Koshinski Asset Management
40
Koshinski Asset Management
Illinois
$552K -$15.3K -1,107 -3%
CIA
41
Capital Investment Advisors
Georgia
$494K -$7.66K -553 -2%
CWM
42
Cornerstone Wealth Management
Missouri
$457K -$360 -26 -0.1%
SRC
43
Shufro Rose & Co
New York
$396K – – –
BA
44
Bard Associates
Illinois
$319K – – –
RPA
45
Rock Point Advisors
Vermont
$307K +$17.3K +1,250 +6%
WMG
46
WESCAP Management Group
California
$302K -$23.9K -1,724 -7%
FFA
47
First Foundation Advisors
California
$285K -$53.4K -3,855 -16%
CCP
48
Clough Capital Partners
Massachusetts
$277K – – –
IAN
49
Integrated Advisors Network
Texas
$276K – – –
Ameriprise
50
Ameriprise
Minnesota
$266K +$485 +35 +0.2%
1
2
3 4 5

EFT Hedge Fund Activity: Q1 2021 in Review

92 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q1 2021, worth a combined $265M — up 3.7% from $256M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of EFT and 14 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 28 added.

The largest buyer was Bank of America, adding an estimated $5.21M. The largest seller was Elliott Investment Management, cutting an estimated $10.1M.

  • 92 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q1 2021, down from 96 in Q4 2020.
  • Funds reported $265M of Eaton Vance Floating-Rate Income Trust stock for Q1 2021, up 3.7% quarter-over-quarter.
  • 14 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q1 2021 and 16 closed out, a net change of -2 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q1 2021 was Bank of America, an estimated $5.21M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q1 2021 was Elliott Investment Management, an estimated $10.1M sold.

Based on aggregated 13F filings for Q1 2021.