Eaton Vance Floating-Rate Income Trust
EFT
77 hedge funds and large institutions have $195M invested in Eaton Vance Floating-Rate Income Trust in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 19 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
14% more capital invested
Capital invested by funds: $171M → $195M (+$24.3M)
2.18% more ownership
Funds ownership: 33.55% → 35.73% (+2.2%)
4% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 23
13% less funds holding
Funds holding: 89 → 77 (-12)
63% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$7.8M |
| 2 |
MHIC
Marble Harbor Investment Counsel
Boston,
Massachusetts
|
+$5.48M |
| 3 |
RPA
Rock Point Advisors
Burlington,
Vermont
|
+$2.06M |
| 4 |
JP Morgan Chase
New York
|
+$1.99M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Trust Asset Management
Houston,
Texas
|
-$1.89M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.72M |
| 3 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$1.52M |
| 4 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
-$1.27M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.04M |
EFT Hedge Fund Activity: Q1 2016 in Review
77 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q1 2016, worth a combined $195M — up 14% from $171M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of EFT and 7 opened new positions — a net loss of 12 holders — while 23 trimmed existing stakes and 22 added.
The largest buyer was Invesco, adding an estimated $7.8M. The largest seller was Trust Asset Management, cutting an estimated $1.89M.
- 77 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q1 2016, down from 89 in Q4 2015.
- Funds reported $195M of Eaton Vance Floating-Rate Income Trust stock for Q1 2016, up 14% quarter-over-quarter.
- 7 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q1 2016 and 19 closed out, a net change of -12 holders.
- The largest Eaton Vance Floating-Rate Income Trust buyer in Q1 2016 was Invesco, an estimated $7.8M added.
- The largest Eaton Vance Floating-Rate Income Trust seller in Q1 2016 was Trust Asset Management, an estimated $1.89M sold.
Based on aggregated 13F filings for Q1 2016.