Eaton Vance Floating-Rate Income Trust
EFT
92 hedge funds and large institutions have $265M invested in Eaton Vance Floating-Rate Income Trust in 2021 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 28 increasing their positions, 25 reducing their positions, and 16 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 25
4% more capital invested
Capital invested by funds: $256M → $265M (+$9.53M)
2% less ownership
Funds ownership: 48.78% → 46.78% (-2%)
4% less funds holding
Funds holding: 96 → 92 (-4)
13% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 16
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$5.21M |
| 2 |
AFM
Andesa Financial Management
Allentown,
Pennsylvania
|
+$2.3M |
| 3 |
SCM
Saba Capital Management
New York
|
+$1.72M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.34M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIM
Elliott Investment Management
West Palm Beach,
Florida
|
-$10.1M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
-$6.62M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$2.25M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.19M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.18M |
EFT Hedge Fund Activity: Q1 2021 in Review
92 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q1 2021, worth a combined $265M — up 3.7% from $256M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of EFT and 14 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 28 added.
The largest buyer was Bank of America, adding an estimated $5.21M. The largest seller was Elliott Investment Management, cutting an estimated $10.1M.
- 92 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q1 2021, down from 96 in Q4 2020.
- Funds reported $265M of Eaton Vance Floating-Rate Income Trust stock for Q1 2021, up 3.7% quarter-over-quarter.
- 14 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q1 2021 and 16 closed out, a net change of -2 holders.
- The largest Eaton Vance Floating-Rate Income Trust buyer in Q1 2021 was Bank of America, an estimated $5.21M added.
- The largest Eaton Vance Floating-Rate Income Trust seller in Q1 2021 was Elliott Investment Management, an estimated $10.1M sold.
Based on aggregated 13F filings for Q1 2021.