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EFT

Eaton Vance Floating-Rate Income Trust
EFT

78 hedge funds and large institutions have $185M invested in Eaton Vance Floating-Rate Income Trust in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 19

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

1% more funds holding

Funds holding: 77 → 78 (+1)

3.03% less ownership

Funds ownership: 33.7% → 30.67% (-3%)

6% less capital invested

Capital invested by funds: $198M → $185M (-$12.5M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
78
Holders Change
+1
Holders Change %
+1.3%
% of All Funds
1.95%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
13
Increased
26
Reduced
19
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$5.91M
2
Bank of America
Bank of America
North Carolina
+$4.63M
3
FWIA
Fort Washington Investment Advisors
Ohio
+$3.93M
4
Morgan Stanley
Morgan Stanley
New York
+$2.56M
5
AAMU
Amundi Asset Management US
Massachusetts
+$1.67M

Top Sellers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$21.1M
2
Invesco
Invesco
Georgia
-$7.61M
3
WCMNY
Westchester Capital Management (New York)
New York
-$6.16M
4
YMRC
Yorktown Management & Research Company
Virginia
-$3.3M
5
BCC
Bain Capital Credit
Massachusetts
-$2.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
TFCP
51
Twin Focus Capital Partners
Massachusetts
$211K – – –
FA
52
FCG Advisors
New Jersey
$201K +$196K +13,500 New
LTFS
53
Ladenburg Thalmann Financial Services
Florida
$183K +$31.1K +2,144 +21%
AG
54
Advisor Group
Arizona
$172K +$118K +8,124 +236%
CWM
55
Cornerstone Wealth Management
Missouri
$171K +$166K +11,440 New
CHAM
56
Clear Harbor Asset Management
Connecticut
$165K – – –
ICOA
57
Investment Centers of America
North Dakota
$163K – – –
SFS
58
Sowell Financial Services
Arkansas
$162K +$154K +10,599 New
IECM
59
Intrinsic Edge Capital Management
Illinois
$149K +$145K +10,000 New
MFS
60
MSI Financial Services
Massachusetts
$145K -$69.2K -4,768 -33%
SEI Investments
61
SEI Investments
Pennsylvania
$131K – – –
HI
62
Hudock Inc
Pennsylvania
$115K -$4.95K -341 -4%
Bank of Montreal
63
Bank of Montreal
Ontario, Canada
$105K – – –
Fifth Third Bancorp
64
Fifth Third Bancorp
Ohio
$75K -$363K -25,000 -83%
AIM
65
Acrospire Investment Management
Illinois
$61K +$34.4K +2,370 +139%
MA
66
MUFG Americas
New York
$50K – – –
US Bancorp
67
US Bancorp
Minnesota
$50K – – –
Royal Bank of Canada
68
Royal Bank of Canada
Ontario, Canada
$47K -$16.2K -1,119 -26%
AWMS
69
Advocacy Wealth Management Services
Georgia
$30K – – –
WEC
70
Winslow Evans & Crocker
Massachusetts
$27.9K +$15.5K +1,070 +134%
GI
71
Gradient Investments
Minnesota
$25K -$5.49K -378 -18%
PFGIA
72
Patriot Financial Group Insurance Agency
Massachusetts
$21K +$20.3K +1,400 New
FWM
73
Focused Wealth Management
New York
$15K – – –
LWCFA
74
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$10K +$9.67K +666 New
PCM
75
Penserra Capital Management
California
$9K +$1.03K +71 +13%
1 2
3
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EFT Hedge Fund Activity: Q4 2016 in Review

78 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q4 2016, worth a combined $185M — down 6.3% from $198M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new EFT positions and 10 closed out — a net gain of 3 holders — while 26 added to existing stakes and 19 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $5.91M. The largest seller was Baillie Gifford & Co, cutting an estimated $21.1M.

  • 78 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q4 2016, up from 77 in Q3 2016.
  • Funds reported $185M of Eaton Vance Floating-Rate Income Trust stock for Q4 2016, down 6.3% quarter-over-quarter.
  • 13 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q4 2016 and 10 closed out, a net change of +3 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q4 2016 was JP Morgan Chase, an estimated $5.91M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q4 2016 was Baillie Gifford & Co, an estimated $21.1M sold.

Based on aggregated 13F filings for Q4 2016.