Wolverine Asset Management LLC Boosts Stake in Eaton Vance Senior Floating-Rate Trust $EFR

Wolverine Asset Management LLC increased its stake in shares of Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) by 122.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 173,105 shares of the company’s stock after buying an additional 95,265 shares during the period. Wolverine Asset Management LLC’s holdings in Eaton Vance Senior Floating-Rate Trust were worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Gridiron Partners LLC purchased a new stake in Eaton Vance Senior Floating-Rate Trust in the 3rd quarter valued at approximately $33,000. Cetera Investment Advisers purchased a new stake in Eaton Vance Senior Floating-Rate Trust during the second quarter worth approximately $130,000. AEGON USA Investment Management LLC purchased a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the second quarter worth about $179,000. Prospera Financial Services Inc lifted its position in shares of Eaton Vance Senior Floating-Rate Trust by 7.3% during the second quarter. Prospera Financial Services Inc now owns 18,739 shares of the company’s stock worth $227,000 after purchasing an additional 1,272 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the second quarter valued at about $248,000.

Eaton Vance Senior Floating-Rate Trust Trading Down 0.0%

Eaton Vance Senior Floating-Rate Trust stock opened at $11.23 on Friday. Eaton Vance Senior Floating-Rate Trust has a 52 week low of $10.40 and a 52 week high of $13.38. The stock has a 50 day moving average of $11.15 and a 200-day moving average of $11.47.

Eaton Vance Senior Floating-Rate Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a $0.077 dividend. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Thursday, January 15th.

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.