Readystate Asset Management LP lowered its position in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR – Free Report) by 59.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,934 shares of the company’s stock after selling 83,484 shares during the period. Readystate Asset Management LP’s holdings in Eaton Vance Senior Floating-Rate Trust were worth $590,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in EFR. Cetera Investment Advisers acquired a new position in Eaton Vance Senior Floating-Rate Trust in the second quarter valued at about $130,000. Invesco Ltd. raised its position in shares of Eaton Vance Senior Floating-Rate Trust by 26.6% during the second quarter. Invesco Ltd. now owns 534,797 shares of the company’s stock worth $6,482,000 after purchasing an additional 112,523 shares during the period. Baird Financial Group Inc. bought a new position in shares of Eaton Vance Senior Floating-Rate Trust during the 2nd quarter valued at about $1,538,000. Raymond James Financial Inc. lifted its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 12.5% during the 2nd quarter. Raymond James Financial Inc. now owns 52,793 shares of the company’s stock valued at $640,000 after purchasing an additional 5,847 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of Eaton Vance Senior Floating-Rate Trust by 38.1% in the 2nd quarter. Osaic Holdings Inc. now owns 37,966 shares of the company’s stock valued at $460,000 after purchasing an additional 10,478 shares during the period.
Eaton Vance Senior Floating-Rate Trust Price Performance
NYSE EFR opened at $10.56 on Thursday. The business has a 50 day simple moving average of $10.55 and a 200 day simple moving average of $10.66. Eaton Vance Senior Floating-Rate Trust has a 52-week low of $10.11 and a 52-week high of $11.95.
Eaton Vance Senior Floating-Rate Trust Increases Dividend
About Eaton Vance Senior Floating-Rate Trust
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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