Eaton Vance Floating-Rate Income Trust
EFT
78 hedge funds and large institutions have $185M invested in Eaton Vance Floating-Rate Income Trust in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 10 closing their positions.
37% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 19
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
1% more funds holding
Funds holding: 77 → 78 (+1)
3.03% less ownership
Funds ownership: 33.7% → 30.67% (-3%)
6% less capital invested
Capital invested by funds: $198M → $185M (-$12.5M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$5.91M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$4.63M |
| 3 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$3.93M |
| 4 |
Morgan Stanley
New York
|
+$2.56M |
| 5 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$1.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$21.1M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$7.61M |
| 3 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$6.16M |
| 4 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$3.3M |
| 5 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
-$2.4M |
EFT Hedge Fund Activity: Q4 2016 in Review
78 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q4 2016, worth a combined $185M — down 6.3% from $198M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new EFT positions and 10 closed out — a net gain of 3 holders — while 26 added to existing stakes and 19 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $5.91M. The largest seller was Baillie Gifford & Co, cutting an estimated $21.1M.
- 78 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q4 2016, up from 77 in Q3 2016.
- Funds reported $185M of Eaton Vance Floating-Rate Income Trust stock for Q4 2016, down 6.3% quarter-over-quarter.
- 13 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q4 2016 and 10 closed out, a net change of +3 holders.
- The largest Eaton Vance Floating-Rate Income Trust buyer in Q4 2016 was JP Morgan Chase, an estimated $5.91M added.
- The largest Eaton Vance Floating-Rate Income Trust seller in Q4 2016 was Baillie Gifford & Co, an estimated $21.1M sold.
Based on aggregated 13F filings for Q4 2016.