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EFT

Eaton Vance Floating-Rate Income Trust
EFT

81 hedge funds and large institutions have $127M invested in Eaton Vance Floating-Rate Income Trust in 2021 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 22 increasing their positions, 16 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 16

6% less funds holding

Funds holding: 86 → 81 (-5)

15.09% less ownership

Funds ownership: 45.79% → 30.7% (-15%)

26% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 19

52% less capital invested

Capital invested by funds: $265M → $127M (-$138M)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
81
Holders Change
-5
Holders Change %
-5.81%
% of All Funds
1.42%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
14
Increased
22
Reduced
16
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PCM
Penserra Capital Management
California
+$9.59M
2
Bank of America
Bank of America
North Carolina
+$3.97M
3
GC
Guggenheim Capital
Illinois
+$728K
4
Morgan Stanley
Morgan Stanley
New York
+$464K
5
VEA
Virtus ETF Advisers
New York
+$429K

Top Sellers

1
SCM
Saba Capital Management
New York
-$89.5M
2
RCM
Rivernorth Capital Management
Florida
-$23.6M
3
OHA
Oak Hill Advisors
New York
-$13.7M
4
N
Nuveen
North Carolina
-$5.09M
5
AFM
Andesa Financial Management
Pennsylvania
-$3.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$20.2M +$3.97M +269,778 +24%
Morgan Stanley
2
Morgan Stanley
New York
$15.5M +$464K +31,538 +3%
PCM
3
Penserra Capital Management
California
$9.51M +$9.59M +652,388 New
RJA
4
Raymond James & Associates
Florida
$9.49M +$269K +18,323 +3%
ISSM
5
Invesco Senior Secured Management
New York
$8.32M – – –
MHIC
6
Marble Harbor Investment Counsel
Massachusetts
$7.42M -$140K -9,523 -2%
Invesco
7
Invesco
Georgia
$5.52M -$2.81M -190,907 -34%
UBS Group
8
UBS Group
Switzerland
$5.07M -$1.97M -133,637 -28%
Osaic Holdings
9
Osaic Holdings
Arizona
$4.93M -$426K -28,996 -8%
GC
10
Guggenheim Capital
Illinois
$4.8M +$728K +49,477 +18%
Envestnet Asset Management
11
Envestnet Asset Management
Illinois
$4.44M +$171K +11,640 +4%
Rockefeller Capital Management
12
Rockefeller Capital Management
New York
$3.34M +$199K +13,564 +6%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$3.16M +$100K +6,833 +3%
IC
14
Intersect Capital
California
$3.12M -$87.5K -5,951 -3%
AAM
15
Advisors Asset Management
Colorado
$1.95M -$887K -60,335 -31%
RJFSA
16
Raymond James Financial Services Advisors
Florida
$1.85M +$195K +13,243 +12%
LPL Financial
17
LPL Financial
California
$1.71M +$83.1K +5,650 +5%
Truist Financial
18
Truist Financial
North Carolina
$1.57M +$10.1K +689 +0.6%
RFC
19
Regions Financial Corp
Alabama
$1.09M – – –
Wells Fargo
20
Wells Fargo
California
$996K -$884K -60,105 -47%
Stifel Financial
21
Stifel Financial
Missouri
$938K -$18.8K -1,281 -2%
WANY
22
Wealthspire Advisors (New York)
New York
$853K – – –
PAG
23
Private Advisor Group
New Jersey
$720K +$241K +16,419 +50%
GAMC
24
Garner Asset Management Corp
Texas
$670K – – –
HSA
25
HBK Sorce Advisory
Pennsylvania
$619K +$143K +9,725 +30%
1
2 3 4

EFT Hedge Fund Activity: Q3 2021 in Review

81 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Floating-Rate Income Trust (EFT) for Q3 2021, worth a combined $127M — down 52% from $265M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of EFT and 14 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 22 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $9.59M. The largest seller was Saba Capital Management, exiting entirely with an estimated $89.5M sold.

  • 81 institutional investors held Eaton Vance Floating-Rate Income Trust (EFT) as of Q3 2021, down from 86 in Q2 2021.
  • Funds reported $127M of Eaton Vance Floating-Rate Income Trust stock for Q3 2021, down 52% quarter-over-quarter.
  • 14 funds opened new Eaton Vance Floating-Rate Income Trust positions in Q3 2021 and 19 closed out, a net change of -5 holders.
  • The largest Eaton Vance Floating-Rate Income Trust buyer in Q3 2021 was Penserra Capital Management, an estimated $9.59M added.
  • The largest Eaton Vance Floating-Rate Income Trust seller in Q3 2021 was Saba Capital Management, an estimated $89.5M sold.

Based on aggregated 13F filings for Q3 2021.