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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

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

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
SCM
1
Saba Capital Management
New York
$31.1M +$1.72M +128,635 +6%
JP Morgan Chase
2
JP Morgan Chase
New York
$17.3M -$159K -11,897 -0.9%
Bank of America
3
Bank of America
North Carolina
$15.3M -$2.75M -206,116 -16%
Morgan Stanley
4
Morgan Stanley
New York
$13.4M +$2.98M +222,901 +30%
BAM
5
Burgundy Asset Management
Ontario, Canada
$10.7M – – –
RCM
6
Rivernorth Capital Management
Florida
$10.3M -$2.3M -172,335 -19%
RVPG
7
Relative Value Partners Group
$10M +$223K +16,727 +2%
Invesco
8
Invesco
Georgia
$9.54M +$107K +8,038 +1%
ISSM
9
Invesco Senior Secured Management
New York
$7.85M – – –
MHIC
10
Marble Harbor Investment Counsel
Massachusetts
$7.56M +$372K +27,850 +5%
LC
11
Lindbrook Capital
California
$7.33M -$25.9K -1,941 -0.4%
UBS Group
12
UBS Group
Switzerland
$6.25M +$1.09M +81,518 +22%
PCM
13
Penserra Capital Management
California
$5.99M +$5.75M +430,345 New
RJA
14
Raymond James & Associates
Florida
$5.75M +$1.89M +141,731 +51%
Goldman Sachs
15
Goldman Sachs
New York
$5.01M +$292K +21,840 +6%
SAM
16
Symphony Asset Management
California
$4.85M – – –
IC
17
Intersect Capital
California
$4.05M +$10.8K +806 +0.3%
GC
18
Guggenheim Capital
Illinois
$4.01M -$2.2M -164,944 -36%
CWM
19
Circle Wealth Management
New Jersey
$3.38M +$192K +14,358 +6%
TAF
20
Tredje AP-fonden
Sweden
$3.13M -$137K -10,228 -24%
Stifel Financial
21
Stifel Financial
Missouri
$3.12M -$119K -8,897 -4%
VEA
22
Virtus ETF Advisers
New York
$3.04M +$227K +17,020 +8%
AAM
23
Advisors Asset Management
Colorado
$2.96M +$509K +38,116 +21%
Millennium Management
24
Millennium Management
New York
$2.93M +$2.66M +198,870 +1,346%
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$2.76M -$3.22M -241,324 -55%
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.