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EFT

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
90
Holders Change
+16
Holders Change %
+21.62%
% of All Funds
2.04%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
21
Increased
19
Reduced
36
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RVPG
Relative Value Partners Group
+$10.4M
2
RCA
Restructuring Capital Associates
Connecticut
+$4M
3
WAM
Wolverine Asset Management
Illinois
+$1.61M
4
MIG
Mariner Investment Group
New York
+$1.18M
5
WCMNY
Westchester Capital Management (New York)
New York
+$1.14M

Top Sellers

1
Invesco
Invesco
Georgia
-$13.3M
2
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
-$6.36M
3
CWM
Circle Wealth Management
New Jersey
-$2.04M
4
GC
Guggenheim Capital
Illinois
-$934K
5
CRC
Curi RMB Capital
Illinois
-$851K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$25.6M +$785K +54,461 +3%
JP Morgan Chase
2
JP Morgan Chase
New York
$24.7M +$191K +13,289 +0.8%
Morgan Stanley
3
Morgan Stanley
New York
$15.8M -$671K -46,537 -4%
RCA
4
Restructuring Capital Associates
Connecticut
$14.4M +$4M +277,899 +38%
BAM
5
Burgundy Asset Management
Ontario, Canada
$11.1M – – –
RVPG
6
Relative Value Partners Group
$10.3M +$10.4M +720,286 New
GC
7
Guggenheim Capital
Illinois
$8.61M -$934K -64,818 -10%
ISSM
8
Invesco Senior Secured Management
New York
$8.18M +$8.23M +571,049 New
MHIC
9
Marble Harbor Investment Counsel
Massachusetts
$6.98M -$288K -19,955 -4%
Invesco
10
Invesco
Georgia
$6.07M -$13.3M -922,156 -69%
AAM
11
Advisors Asset Management
Colorado
$5.91M -$49.7K -3,446 -0.8%
UBS Group
12
UBS Group
Switzerland
$5.36M +$50.4K +3,497 +0.9%
IC
13
Intersect Capital
California
$5.21M -$245K -16,995 -4%
SAM
14
Symphony Asset Management
California
$5.07M – – –
TAF
15
Tredje AP-fonden
Sweden
$4.19M -$142K -9,874 -16%
FWIA
16
Fort Washington Investment Advisors
Ohio
$3.41M – – –
GWM
17
Geneos Wealth Management
Colorado
$2.85M -$78.4K -5,439 -3%
WAM
18
Wolverine Asset Management
Illinois
$2.29M +$1.61M +111,533 +230%
AAMU
19
Amundi Asset Management US
Massachusetts
$1.86M – – –
CS
20
Comerica Securities
Michigan
$1.86M -$30.2K -2,096 -2%
SIA
21
Sit Investment Associates
Minnesota
$1.67M +$846K +58,732 +102%
Loomis, Sayles & Company
22
Loomis, Sayles & Company
Massachusetts
$1.53M -$6.36M -441,520 -80%
Cohen & Steers
23
Cohen & Steers
New York
$1.45M +$114K +7,885 +8%
CWM
24
Circle Wealth Management
New Jersey
$1.41M -$2.04M -141,524 -59%
UCFA
25
United Capital Financial Advisors
Texas
$1.37M -$19.7K -1,364 -1%
1
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EFT Hedge Fund Activity: Q4 2017 in Review

90 of the 4,409 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.