Saba Capital Management L.P. purchased a new position in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 261,756 shares of the company’s stock, valued at approximately $2,759,000.
A number of other hedge funds have also bought and sold shares of EFR. Oppenheimer & Co. Inc. raised its stake in shares of Eaton Vance Senior Floating-Rate Trust by 8.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 38,343 shares of the company’s stock valued at $427,000 after acquiring an additional 3,141 shares during the period. Verity Asset Management Inc. boosted its stake in shares of Eaton Vance Senior Floating-Rate Trust by 2.7% during the 3rd quarter. Verity Asset Management Inc. now owns 128,561 shares of the company’s stock worth $1,471,000 after purchasing an additional 3,331 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Eaton Vance Senior Floating-Rate Trust by 2.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 185,955 shares of the company’s stock valued at $2,127,000 after purchasing an additional 4,786 shares during the last quarter. Cetera Investment Advisers grew its holdings in Eaton Vance Senior Floating-Rate Trust by 14.8% during the 4th quarter. Cetera Investment Advisers now owns 37,682 shares of the company’s stock valued at $420,000 after purchasing an additional 4,845 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in Eaton Vance Senior Floating-Rate Trust by 12.5% in the 2nd quarter. Raymond James Financial Inc. now owns 52,793 shares of the company’s stock worth $640,000 after purchasing an additional 5,847 shares during the period.
Eaton Vance Senior Floating-Rate Trust Price Performance
Shares of NYSE EFR opened at $10.60 on Tuesday. Eaton Vance Senior Floating-Rate Trust has a 1 year low of $10.11 and a 1 year high of $11.95. The firm has a 50-day simple moving average of $10.54 and a two-hundred day simple moving average of $10.67.
Eaton Vance Senior Floating-Rate Trust Increases Dividend
Eaton Vance Senior Floating-Rate Trust Profile
Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) is a closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The trust achieves its objectives by investing predominately in senior floating-rate loans—also known as bank loans—issued by corporate borrowers. These floating-rate instruments typically carry interest rates that reset periodically, offering investors a degree of protection against rising rate environments.
The portfolio is managed by the fixed-income team at Eaton Vance Management, a subsidiary of Morgan Stanley, which employs fundamental credit research and active trading strategies to identify and manage risk.
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