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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$9.59M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.97M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$728K |
| 4 |
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
West Palm Beach,
Florida
|
-$23.6M |
| 3 |
OHA
Oak Hill Advisors
New York
|
-$13.7M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$5.09M |
| 5 |
AFM
Andesa Financial Management
Allentown,
Pennsylvania
|
-$3.9M |
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.