Eaton Vance Floating-Rate Income Trust
EFT
68 hedge funds and large institutions have $188M invested in Eaton Vance Floating-Rate Income Trust in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 27 increasing their positions, 17 reducing their positions, and 13 closing their positions.
59% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 17
2% more capital invested
Capital invested by funds: $185M → $188M (+$3.33M)
0.74% less ownership
Funds ownership: 30.67% → 29.93% (-0.74%)
13% less funds holding
Funds holding: 78 → 68 (-10)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$7.66M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$2.21M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.71M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.63M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$7.72M |
| 2 |
KLI
Kelman-Lazarov Inc
Memphis,
Tennessee
|
-$6.14M |
| 3 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$4.11M |
| 4 |
Morgan Stanley
New York
|
-$1.65M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$676K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CHAM
76
Clear Harbor Asset Management
Stamford,
Connecticut
| – | -$165K | -11,090 | Closed |
|
|
IECM
77
Intrinsic Edge Capital Management
Chicago,
Illinois
| – | -$149K | -10,000 | Closed |
|
|
FPF
78
FNY Partners Fund
New York
| – | -$104 | -7,000 | Closed |
|
79
US Bancorp
Minneapolis,
Minnesota
| – | -$50K | -3,355 | Closed |
|
|
MA
80
MUFG Americas
New York
| – | -$50K | -3,332 | Closed |
|
|
LWCFA
81
Loring Wolcott & Coolidge Fiduciary Advisors
Boston,
Massachusetts
| – | -$10K | -666 | Closed |
|
|
DADC
82
D.A. Davidson & Co
Great Falls,
Montana
| – | -$5K | -400 | Closed |
|
EFT Hedge Fund Activity: Q1 2017 in Review
68 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q1 2017, worth a combined $188M — up 1.8% from $185M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of EFT and 5 opened new positions — a net loss of 8 holders — while 17 trimmed existing stakes and 27 added.
The largest buyer was Invesco, adding an estimated $7.66M. The largest seller was Baillie Gifford & Co, exiting entirely with an estimated $7.72M sold.
- 68 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q1 2017, down from 78 in Q4 2016.
- Funds reported $188M of Eaton Vance Floating-Rate Income Trust stock for Q1 2017, up 1.8% quarter-over-quarter.
- 5 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q1 2017 and 13 closed out, a net change of -8 holders.
- The largest Eaton Vance Floating-Rate Income Trust buyer in Q1 2017 was Invesco, an estimated $7.66M added.
- The largest Eaton Vance Floating-Rate Income Trust seller in Q1 2017 was Baillie Gifford & Co, an estimated $7.72M sold.
Based on aggregated 13F filings for Q1 2017.