Eaton Vance Floating-Rate Income Trust
EFT
97 hedge funds and large institutions have $204M invested in Eaton Vance Floating-Rate Income Trust in 2019 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 31 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
3% more funds holding
Funds holding: 94 → 97 (+3)
2.13% more ownership
Funds ownership: 38.34% → 40.47% (+2.1%)
4% more capital invested
Capital invested by funds: $196M → $204M (+$8.14M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
13% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$12.8M |
| 2 |
NCM
Next Capital Management
New York
|
+$1.3M |
| 3 |
6M
6 Meridian
Wichita,
Kansas
|
+$789K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$778K |
| 5 |
RVPG
Relative Value Partners Group
|
+$516K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.1M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.47M |
| 3 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$1.11M |
| 4 |
Morgan Stanley
New York
|
-$614K |
| 5 |
SCP
Shorepoint Capital Partners
Norwood,
Massachusetts
|
-$399K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$135K | -10,029 | Closed |
|
102
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$57K | -4,250 | Closed |
|
103
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$30K | -2,210 | Closed |
|
|
CFGS
104
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$11.7K | -880 | Closed |
|
EFT Hedge Fund Activity: Q3 2019 in Review
97 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q3 2019, worth a combined $204M — up 4.2% from $196M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new EFT positions and 7 closed out — a net gain of 3 holders — while 27 added to existing stakes and 31 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $12.8M. The largest seller was Bank of America, cutting an estimated $2.1M.
- 97 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q3 2019, up from 94 in Q2 2019.
- Funds reported $204M of Eaton Vance Floating-Rate Income Trust stock for Q3 2019, up 4.2% quarter-over-quarter.
- 10 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q3 2019 and 7 closed out, a net change of +3 holders.
- The largest Eaton Vance Floating-Rate Income Trust buyer in Q3 2019 was Saba Capital Management, an estimated $12.8M added.
- The largest Eaton Vance Floating-Rate Income Trust seller in Q3 2019 was Bank of America, an estimated $2.1M sold.
Based on aggregated 13F filings for Q3 2019.