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EFT

Eaton Vance Floating-Rate Income Trust
EFT

81 hedge funds and large institutions have $127M invested in Eaton Vance Floating-Rate Income Trust in 2021 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 22 increasing their positions, 16 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 16

6% less funds holding

Funds holding: 86 → 81 (-5)

15.09% less ownership

Funds ownership: 45.79% → 30.7% (-15%)

26% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 19

52% less capital invested

Capital invested by funds: $265M → $127M (-$138M)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
81
Holders Change
-5
Holders Change %
-5.81%
% of All Funds
1.42%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
14
Increased
22
Reduced
16
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$9.59M
2
Bank of America
Bank of America
North Carolina
+$3.97M
3
GC
Guggenheim Capital
Illinois
+$728K
4
Morgan Stanley
Morgan Stanley
New York
+$464K
5
VEA
Virtus ETF Advisers
New York
+$429K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$89.5M
2
RCM
Rivernorth Capital Management
Florida
-$23.6M
3
OHA
Oak Hill Advisors
New York
-$13.7M
4
N
Nuveen
North Carolina
-$5.09M
5
AFM
Andesa Financial Management
Pennsylvania
-$3.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
BFEC
51
Benjamin F. Edwards & Company
Missouri
$171K – – –
BPA
52
Beacon Pointe Advisors
California
$166K +$168K +11,410 New
JWCA
53
J.W. Cole Advisors
Florida
$158K +$706 +48 +0.4%
PA
54
Parallel Advisors
California
$157K – – –
CAN
55
Cetera Advisor Networks
California
$151K -$44.7K -3,040 -23%
AA
56
Addison Advisors
Vermont
$145K – – –
PNC Financial Services Group
57
PNC Financial Services Group
Pennsylvania
$111K – – –
NFG
58
Next Financial Group
Texas
$105K +$42.6K +2,897 +68%
LWP
59
Lumature Wealth Partners
Georgia
$96K – – –
FIA
60
FNY Investment Advisers
New York
$83K +$84.2K +5,725 New
CHA
61
Carmichael Hill & Associates
Maryland
$68K – – –
Citigroup
62
Citigroup
New York
$39K -$169K -11,521 -81%
RBC
63
Roble Belko & Company
Pennsylvania
$32K – – –
AWM
64
Atticus Wealth Management
Florida
$31K – – –
MA
65
Montag & Associates
Georgia
$31K +$500 +34 +2%
TCWM
66
Total Clarity Wealth Management
Illinois
$30K +$30K +2,043 New
WWMSC
67
Wagner Wealth Management (South Carolina)
South Carolina
$23K – – –
APA
68
American Portfolios Advisors
New York
$19.7K +$309 +21 +2%
BAM
69
Barrett Asset Management
New York
$16K – – –
AF
70
Allworth Financial
California
$15K – – –
PFGIA
71
Patriot Financial Group Insurance Agency
Massachusetts
$11K +$29 +2 +0.3%
Fifth Third Bancorp
72
Fifth Third Bancorp
Ohio
$10K – – –
BWM
73
Baystate Wealth Management
Massachusetts
$7K +$7.38K +502 New
SWM
74
Spire Wealth Management
Virginia
$5K – – –
Northwestern Mutual Wealth Management
75
Northwestern Mutual Wealth Management
Wisconsin
$5K +$4.62K +314 New
1 2
3
4

EFT Hedge Fund Activity: Q3 2021 in Review

81 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q3 2021, worth a combined $127M — down 52% from $265M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of EFT and 14 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 22 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $9.59M. The largest seller was Saba Capital Management, exiting entirely with an estimated $89.5M sold.

  • 81 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q3 2021, down from 86 in Q2 2021.
  • Funds reported $127M of Eaton Vance Floating-Rate Income Trust stock for Q3 2021, down 52% quarter-over-quarter.
  • 14 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q3 2021 and 19 closed out, a net change of -5 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q3 2021 was Penserra Capital Management, an estimated $9.59M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q3 2021 was Saba Capital Management, an estimated $89.5M sold.

Based on aggregated 13F filings for Q3 2021.