Readystate Asset Management LP Increases Stake in Eaton Vance Senior Floating-Rate Trust $EFR

Readystate Asset Management LP raised its position in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) by 271.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 206,070 shares of the company’s stock after acquiring an additional 150,659 shares during the period. Readystate Asset Management LP’s holdings in Eaton Vance Senior Floating-Rate Trust were worth $2,357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EFR. Advisors Asset Management Inc. lifted its position in Eaton Vance Senior Floating-Rate Trust by 8.9% in the third quarter. Advisors Asset Management Inc. now owns 573,268 shares of the company’s stock valued at $6,558,000 after purchasing an additional 46,830 shares during the period. Invesco Ltd. lifted its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 26.6% in the 2nd quarter. Invesco Ltd. now owns 534,797 shares of the company’s stock valued at $6,482,000 after buying an additional 112,523 shares during the period. Gridiron Partners LLC purchased a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the third quarter valued at approximately $33,000. Ethos Financial Group LLC grew its holdings in Eaton Vance Senior Floating-Rate Trust by 0.4% during the third quarter. Ethos Financial Group LLC now owns 246,196 shares of the company’s stock worth $2,816,000 after acquiring an additional 1,059 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in Eaton Vance Senior Floating-Rate Trust by 4.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 181,169 shares of the company’s stock worth $2,196,000 after acquiring an additional 8,513 shares in the last quarter.

Eaton Vance Senior Floating-Rate Trust Price Performance

Eaton Vance Senior Floating-Rate Trust stock opened at $11.00 on Wednesday. Eaton Vance Senior Floating-Rate Trust has a one year low of $10.40 and a one year high of $13.13. The business has a fifty day moving average of $11.15 and a two-hundred day moving average of $11.33.

Eaton Vance Senior Floating-Rate Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.077 per share. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date is Tuesday, February 17th.

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.