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EFT

Eaton Vance Floating-Rate Income Trust
EFT

77 hedge funds and large institutions have $198M invested in Eaton Vance Floating-Rate Income Trust in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 19

6% more capital invested

Capital invested by funds: $187M → $198M (+$10.4M)

0.52% less ownership

Funds ownership: 34.22% → 33.7% (-0.52%)

5% less funds holding

Funds holding: 81 → 77 (-4)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

50% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 8

Holders
77
Holders Change
-4
Holders Change %
-4.94%
% of All Funds
2.05%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
4
Increased
26
Reduced
19
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$4.13M
2
AAM
Advisors Asset Management
Colorado
+$1.19M
3
GC
Guggenheim Capital
Illinois
+$856K
4
WCMNY
Westchester Capital Management (New York)
New York
+$711K
5
TAF
Tredje AP-fonden
Sweden
+$645K

Top Sellers

Rank Fund Capital Flow
1
ZIG
Zuckerman Investment Group
Illinois
-$4.37M
2
OHA
Oak Hill Advisors
New York
-$2.09M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.66M
4
UCFA
United Capital Financial Advisors
Texas
-$1.6M
5
RPA
Rock Point Advisors
Vermont
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
TFCP
51
Twin Focus Capital Partners
Massachusetts
$201K +$198K +14,176 New
CWM
52
Concert Wealth Management
California
$198K +$26.2K +1,880 +15%
PAG
53
Private Advisor Group
New Jersey
$180K -$20.6K -1,478 -10%
CCG
54
Crescent Capital Group
California
$170K -$112K -8,000 -40%
CHAM
55
Clear Harbor Asset Management
Connecticut
$157K -$32.1K -2,300 -17%
Ameriprise
56
Ameriprise
Minnesota
$156K +$195 +14 +0.1%
ICOA
57
Investment Centers of America
North Dakota
$155K – – –
FHC
58
First Heartland Consultants
Missouri
$146K – – –
CCM
59
Coe Capital Management
Illinois
$144K -$106K -7,600 -43%
LTFS
60
Ladenburg Thalmann Financial Services
Florida
$143K -$27.9K -2,000 -16%
SEI Investments
61
SEI Investments
Pennsylvania
$125K – – –
EWM
62
Evercore Wealth Management
New York
$121K – – –
HI
63
Hudock Inc
Pennsylvania
$114K – – –
Bank of Montreal
64
Bank of Montreal
Ontario, Canada
$101K +$6.97K +500 +8%
ASN
65
Advisory Services Network
Georgia
$68K – – –
Royal Bank of Canada
66
Royal Bank of Canada
Ontario, Canada
$61K +$10.6K +760 +22%
AG
67
Advisor Group
Arizona
$50K – – –
US Bancorp
68
US Bancorp
Minnesota
$48K – – –
MA
69
MUFG Americas
New York
$47K – – –
GI
70
Gradient Investments
Minnesota
$29K -$5.51K -395 -16%
AWMS
71
Advocacy Wealth Management Services
Georgia
$28K – – –
RBC
72
Roble Belko & Company
Pennsylvania
$25K – – –
AIM
73
Acrospire Investment Management
Illinois
$24K +$20.9K +1,500 +750%
FWM
74
Focused Wealth Management
New York
$14K – – –
WEC
75
Winslow Evans & Crocker
Massachusetts
$11.4K – – –
1 2
3
4

EFT Hedge Fund Activity: Q3 2016 in Review

77 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q3 2016, worth a combined $198M — up 5.6% from $187M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of EFT and 4 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 26 added.

The largest buyer was Bank of America, adding an estimated $4.13M. The largest seller was Zuckerman Investment Group, exiting entirely with an estimated $4.37M sold.

  • 77 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q3 2016, down from 81 in Q2 2016.
  • Funds reported $198M of Eaton Vance Floating-Rate Income Trust stock for Q3 2016, up 5.6% quarter-over-quarter.
  • 4 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q3 2016 and 8 closed out, a net change of -4 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q3 2016 was Bank of America, an estimated $4.13M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q3 2016 was Zuckerman Investment Group, an estimated $4.37M sold.

Based on aggregated 13F filings for Q3 2016.