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EFT

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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
116
Holders Change
+19
Holders Change %
+19.59%
% of All Funds
2.29%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.06%
New
29
Increased
36
Reduced
28
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$5.75M
2
Morgan Stanley
Morgan Stanley
New York
+$2.98M
3
Millennium Management
Millennium Management
New York
+$2.66M
4
MC
Matisse Capital
Oregon
+$1.92M
5
RJA
Raymond James & Associates
Florida
+$1.89M

Top Sellers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$3.22M
2
Bank of America
Bank of America
North Carolina
-$2.75M
3
RCM
Rivernorth Capital Management
Florida
-$2.3M
4
GC
Guggenheim Capital
Illinois
-$2.2M
5
WAM
Wolverine Asset Management
Illinois
-$2.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
APA
101
American Portfolios Advisors
New York
$30.1K +$294 +22 +1%
AWM
102
Atticus Wealth Management
Florida
$30K +$29.2K +2,185 New
RIA
103
Realta Investment Advisors
Delaware
$27K – – –
WEC
104
Winslow Evans & Crocker
Massachusetts
$26K – – –
BAM
105
Barrett Asset Management
New York
$15K – – –
FHA
106
Flagship Harbor Advisors
Massachusetts
$14K – – –
SPIA
107
Steward Partners Investment Advisory
New York
$13K – – –
PFGIA
108
Patriot Financial Group Insurance Agency
Massachusetts
$11K -$8.64K -647 -45%
EWM
109
EPG Wealth Management
Georgia
$11K +$10.4K +782 New
EFSCE
110
Enterprise Financial Services Corp (EFSC)
Missouri
$10K – – –
GI
111
Gradient Investments
Minnesota
$10K – – –
CAC
112
Certified Advisory Corp
Florida
$9K – – –
CCM
113
Covington Capital Management
California
$7K – – –
PAM
114
Panagora Asset Management
Massachusetts
$5K -$7.25K -543 -58%
FCM
115
Firestone Capital Management
Florida
$4K +$3.46K +259 New
WAM
116
Wolverine Asset Management
Illinois
– -$2.15M -162,411 Closed
BPCM
117
Beach Point Capital Management
California
– -$1.11M -84,087 Closed
BB
118
Bell Bank
North Dakota
– -$967K -73,174 Closed
Creative Planning
119
Creative Planning
Kansas
– -$170K -12,885 Closed
LCM
120
Landscape Capital Management
New Jersey
– -$147K -11,096 Closed
QCIG
121
Quad-Cities Investment Group
Iowa
– -$10K -750 Closed
TFS
122
TrustCore Financial Services
Tennessee
– -$9K -649 Closed
KFS
123
Kelly Financial Services
Massachusetts
– -$132 -10 Closed
Fidelity Investments
124
Fidelity Investments
Massachusetts
– +$27 +2 New
1 2 3 4
5

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.