Eaton Vance Floating-Rate Income Trust
EFT
116 hedge funds and large institutions have $239M invested in Eaton Vance Floating-Rate Income Trust in 2019 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 36 increasing their positions, 28 reducing their positions, and 8 closing their positions.
263% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 8
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
29% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 28
20% more funds holding
Funds holding: 97 → 116 (+19)
17% more capital invested
Capital invested by funds: $204M → $239M (+$35.4M)
2.85% more ownership
Funds ownership: 40.47% → 43.32% (+2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$5.75M |
| 2 |
Morgan Stanley
New York
|
+$2.98M |
| 3 |
Millennium Management
New York
|
+$2.66M |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.92M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.22M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.75M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.3M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.2M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.15M |
EFT Hedge Fund Activity: Q4 2019 in Review
116 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q4 2019, worth a combined $239M — up 17% from $204M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new EFT positions and 8 closed out — a net gain of 21 holders — while 36 added to existing stakes and 28 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $5.75M. The largest seller was Royal Bank of Canada, cutting an estimated $3.22M.
- 116 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q4 2019, up from 97 in Q3 2019.
- Funds reported $239M of Eaton Vance Floating-Rate Income Trust stock for Q4 2019, up 17% quarter-over-quarter.
- 29 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q4 2019 and 8 closed out, a net change of +21 holders.
- The largest Eaton Vance Floating-Rate Income Trust buyer in Q4 2019 was Penserra Capital Management, an estimated $5.75M added.
- The largest Eaton Vance Floating-Rate Income Trust seller in Q4 2019 was Royal Bank of Canada, an estimated $3.22M sold.
Based on aggregated 13F filings for Q4 2019.