Eaton Vance Floating-Rate Income Trust
EFT
97 hedge funds and large institutions have $172M invested in Eaton Vance Floating-Rate Income Trust in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 25 increasing their positions, 26 reducing their positions, and 13 closing their positions.
85% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 13
11% more funds holding
Funds holding: 87 → 97 (+10)
4.02% more ownership
Funds ownership: 29.64% → 33.66% (+4%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 26
10% less capital invested
Capital invested by funds: $191M → $172M (-$19.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.12M |
| 2 |
O
OppenheimerFunds
New York
|
+$5.45M |
| 3 |
Goldman Sachs
New York
|
+$4.68M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.88M |
| 5 |
RVPG
Relative Value Partners Group
|
+$1.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$4.05M |
| 2 |
CS
Comerica Securities
Detroit,
Michigan
|
-$2.85M |
| 3 |
Morgan Stanley
New York
|
-$2.47M |
| 4 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$2.1M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.56M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OFG
101
OTA Financial Group
Purchase,
New York
| – | -$407K | -28,095 | Closed |
|
|
GWM
102
Greenwich Wealth Management
Greenwich,
Connecticut
| – | -$262K | -17,970 | Closed |
|
|
BAM
103
Belpointe Asset Management
Reno,
Nevada
| – | -$177K | -12,100 | Closed |
|
|
SFS
104
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$170K | -11,652 | Closed |
|
|
PCM
105
Penserra Capital Management
Orinda,
California
| – | -$169K | -11,637 | Closed |
|
|
FAIM
106
Financial Advocates Investment Management
Olympia,
Washington
| – | -$55K | -3,775 | Closed |
|
|
SPIA
107
Steward Partners Investment Advisory
New York
| – | -$35K | -2,375 | Closed |
|
108
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$24K | -1,631 | Closed |
|
|
CPIG
109
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$22K | -1,574 | Closed |
|
|
WC
110
Whitney & Co
Rochester,
New York
| – | -$10K | -750 | Closed |
|
111
Fidelity Investments
Boston,
Massachusetts
| – | +$14 | +1 | New |
|
EFT Hedge Fund Activity: Q4 2018 in Review
97 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q4 2018, worth a combined $172M — down 10% from $191M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new EFT positions and 13 closed out — a net gain of 11 holders — while 25 added to existing stakes and 26 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $7.12M. The largest seller was Bank of America, cutting an estimated $4.05M.
- 97 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q4 2018, up from 87 in Q3 2018.
- Funds reported $172M of Eaton Vance Floating-Rate Income Trust stock for Q4 2018, down 10% quarter-over-quarter.
- 24 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q4 2018 and 13 closed out, a net change of +11 holders.
- The largest Eaton Vance Floating-Rate Income Trust buyer in Q4 2018 was Rivernorth Capital Management, an estimated $7.12M added.
- The largest Eaton Vance Floating-Rate Income Trust seller in Q4 2018 was Bank of America, an estimated $4.05M sold.
Based on aggregated 13F filings for Q4 2018.