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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
TFCP
51
Twin Focus Capital Partners
Massachusetts
$206K – – –
Janney Montgomery Scott
52
Janney Montgomery Scott
Pennsylvania
$205K +$211K +14,145 New
JSL
53
JT Stratford LLC
Georgia
$200K +$10.5K +700 +5%
RJA
54
Raymond James & Associates
Florida
$197K +$202K +13,552 New
PNC Financial Services Group
55
PNC Financial Services Group
Pennsylvania
$194K +$16.4K +1,098 +9%
KFGK
56
Keystone Financial Group (Kentucky)
Kentucky
$186K +$193K +12,900 New
Goldman Sachs
57
Goldman Sachs
New York
$180K +$185K +12,414 New
SFS
58
Sowell Financial Services
Arkansas
$171K +$224 +15 +0.1%
Millennium Management
59
Millennium Management
New York
$171K +$176K +11,799 New
SWM
60
SeaCrest Wealth Management
New York
$170K – – –
DAS
61
Dynamic Advisor Solutions
Arizona
$154K – – –
Royal Bank of Canada
62
Royal Bank of Canada
Ontario, Canada
$154K +$52.8K +3,535 +50%
HK
63
Horizon Kinetics
New York
$148K – – –
HI
64
Hudock Inc
Pennsylvania
$108K – – –
RBC
65
Roble Belko & Company
Pennsylvania
$101K – – –
ASN
66
Advisory Services Network
Georgia
$70K – – –
IA
67
IFP Advisors
Florida
$63K -$24.9K -1,665 -28%
WWMSC
68
Wagner Wealth Management (South Carolina)
South Carolina
$62K +$64.1K +4,292 New
Fifth Third Bancorp
69
Fifth Third Bancorp
Ohio
$43K -$2.99K -200 -6%
QCIG
70
Quad-Cities Investment Group
Iowa
$40K +$41.5K +2,778 New
SPIA
71
Steward Partners Investment Advisory
New York
$32K – – –
WEC
72
Winslow Evans & Crocker
Massachusetts
$32K +$5.97K +400 +23%
APA
73
American Portfolios Advisors
New York
$25.2K +$25.9K +1,735 New
Northwestern Mutual Wealth Management
74
Northwestern Mutual Wealth Management
Wisconsin
$24K – – –
BWL
75
Bogart Wealth LLC
Virginia
$23K – – –
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.