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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
PCM
76
Penserra Capital Management
California
$8K +$2.01K +144 +34%
HCM
77
Highlander Capital Management
New Jersey
$7K – – –
DADC
78
D.A. Davidson & Co
Montana
$5K -$5.58K -400 -50%
EWM
79
Edge Wealth Management
New York
$4K – – –
BA
80
BlackRock Advisors
Delaware
$1K – – –
ZIG
81
Zuckerman Investment Group
Illinois
– -$4.37M -325,663 Closed
OHA
82
Oak Hill Advisors
New York
– -$2.09M -155,482 Closed
ISL
83
Ingalls & Snyder LLC
New York
– -$666K -49,555 Closed
MIG
84
Mariner Investment Group
New York
– -$423K -31,505 Closed
COLIM
85
City of London Investment Management
United Kingdom
– -$341K -22,764 Closed
NP
86
NorthRock Partners
Minnesota
– -$58K -14,291 Closed
RCM
87
Robinson Capital Management
Michigan
– -$154K -11,500 Closed
GLA
88
Great Lakes Advisors
Illinois
– -$141K -10,500 Closed
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.