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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$3.85M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.85M |
| 3 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$1.18M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$870K |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$856K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
-$17.6M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.24M |
| 3 |
RVPG
Relative Value Partners Group
|
-$1.7M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$857K |
| 5 |
Morgan Stanley
New York
|
-$823K |
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.