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EFT

Eaton Vance Floating-Rate Income Trust
EFT

97 hedge funds and large institutions have $204M invested in Eaton Vance Floating-Rate Income Trust in 2019 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 31 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

3% more funds holding

Funds holding: 94 → 97 (+3)

2.13% more ownership

Funds ownership: 38.34% → 40.47% (+2.1%)

4% more capital invested

Capital invested by funds: $196M → $204M (+$8.14M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

13% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 31

Holders
97
Holders Change
+3
Holders Change %
+3.19%
% of All Funds
2.13%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
10
Increased
27
Reduced
31
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$12.8M
2
NCM
Next Capital Management
New York
+$1.3M
3
6M
6 Meridian
Kansas
+$789K
4
RJA
Raymond James & Associates
Florida
+$778K
5
RVPG
Relative Value Partners Group
+$516K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$2.1M
2
RCM
Rivernorth Capital Management
Florida
-$1.47M
3
BPCM
Beach Point Capital Management
California
-$1.11M
4
Morgan Stanley
Morgan Stanley
New York
-$614K
5
SCP
Shorepoint Capital Partners
Massachusetts
-$399K
Name Holding Trade Value Shares
Change 		Change in
Stake
SCP
51
Shorepoint Capital Partners
Massachusetts
$397K -$399K -30,000 -50%
SRC
52
Shufro Rose & Co
New York
$371K -$9.98K -750 -3%
PAS
53
Park Avenue Securities
New York
$329K +$331K +24,873 New
SB
54
Suntrust Banks
Georgia
$317K +$106K +7,957 +47%
DI
55
Diligent Investors
California
$288K – – –
Lido Advisors
56
Lido Advisors
California
$287K -$43.8K -3,295 -13%
BA
57
Bard Associates
Illinois
$266K +$23K +1,725 +9%
PPA
58
Parametric Portfolio Associates
Washington
$265K +$267K +20,026 New
RPA
59
Rock Point Advisors
Vermont
$258K +$13.3K +1,000 +5%
WMG
60
WESCAP Management Group
California
$254K +$257K +19,276 New
PA
61
Parallel Advisors
California
$211K +$166K +12,490 +357%
Citigroup
62
Citigroup
New York
$209K +$413 +31 +0.2%
Millennium Management
63
Millennium Management
New York
$195K +$197K +14,773 New
DAS
64
Dynamic Advisor Solutions
Arizona
$188K +$12K +901 +7%
TFCP
65
Twin Focus Capital Partners
Massachusetts
$187K – – –
PNC Financial Services Group
66
PNC Financial Services Group
Pennsylvania
$180K – – –
RJFSA
67
Raymond James Financial Services Advisors
Florida
$176K -$124K -9,305 -41%
JSL
68
JT Stratford LLC
Georgia
$176K -$21.6K -1,626 -11%
Commonwealth Equity Services
69
Commonwealth Equity Services
Massachusetts
$176K +$1.37K +103 +0.8%
Creative Planning
70
Creative Planning
Kansas
$170K -$61.5K -4,620 -26%
LCM
71
Landscape Capital Management
New Jersey
$147K -$383K -28,773 -72%
SFS
72
Sowell Financial Services
Arkansas
$147K +$148K +11,107 New
TIM
73
Triad Investment Management
California
$141K +$142K +10,700 New
HKAM
74
Horizon Kinetics Asset Management
New York
$135K – – –
ASN
75
Advisory Services Network
Georgia
$104K – – –
1 2
3
4 5

EFT Hedge Fund Activity: Q3 2019 in Review

97 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q3 2019, worth a combined $204M — up 4.2% from $196M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new EFT positions and 7 closed out — a net gain of 3 holders — while 27 added to existing stakes and 31 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $12.8M. The largest seller was Bank of America, cutting an estimated $2.1M.

  • 97 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q3 2019, up from 94 in Q2 2019.
  • Funds reported $204M of Eaton Vance Floating-Rate Income Trust stock for Q3 2019, up 4.2% quarter-over-quarter.
  • 10 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q3 2019 and 7 closed out, a net change of +3 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q3 2019 was Saba Capital Management, an estimated $12.8M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q3 2019 was Bank of America, an estimated $2.1M sold.

Based on aggregated 13F filings for Q3 2019.