Eaton Vance Floating-Rate Income Trust
EFT
90 hedge funds and large institutions have $197M invested in Eaton Vance Floating-Rate Income Trust in 2017 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 19 increasing their positions, 36 reducing their positions, and 5 closing their positions.
320% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 5
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
22% more funds holding
Funds holding: 74 → 90 (+16)
0.45% more ownership
Funds ownership: 32.85% → 33.29% (+0.45%)
1% less capital invested
Capital invested by funds: $199M → $197M (-$2.11M)
47% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
+$10.4M |
| 2 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
+$4M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.61M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.18M |
| 5 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$13.3M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$6.36M |
| 3 |
CWM
Circle Wealth Management
Summit,
New Jersey
|
-$2.04M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$934K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$851K |
EFT Hedge Fund Activity: Q4 2017 in Review
90 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q4 2017, worth a combined $197M — down 1.1% from $199M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new EFT positions and 5 closed out — a net gain of 16 holders — while 19 added to existing stakes and 36 trimmed.
The largest buyer was Relative Value Partners Group, opening a new position worth an estimated $10.4M. The largest seller was Invesco, cutting an estimated $13.3M.
- 90 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q4 2017, up from 74 in Q3 2017.
- Funds reported $197M of Eaton Vance Floating-Rate Income Trust stock for Q4 2017, down 1.1% quarter-over-quarter.
- 21 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q4 2017 and 5 closed out, a net change of +16 holders.
- The largest Eaton Vance Floating-Rate Income Trust buyer in Q4 2017 was Relative Value Partners Group, an estimated $10.4M added.
- The largest Eaton Vance Floating-Rate Income Trust seller in Q4 2017 was Invesco, an estimated $13.3M sold.
Based on aggregated 13F filings for Q4 2017.