Wolverine Asset Management LLC Raises Holdings in Eaton Vance Senior Floating-Rate Trust $EFR

Wolverine Asset Management LLC increased its holdings in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) by 41.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 245,318 shares of the company’s stock after acquiring an additional 72,213 shares during the period. Wolverine Asset Management LLC’s holdings in Eaton Vance Senior Floating-Rate Trust were worth $2,733,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers purchased a new position in Eaton Vance Senior Floating-Rate Trust in the second quarter worth approximately $130,000. Comerica Bank boosted its position in shares of Eaton Vance Senior Floating-Rate Trust by 118.8% during the third quarter. Comerica Bank now owns 12,034 shares of the company’s stock worth $138,000 after buying an additional 6,534 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust during the third quarter worth $150,000. Virtu Financial LLC purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust during the third quarter worth $179,000. Finally, Fortitude Advisory Group L.L.C. boosted its position in shares of Eaton Vance Senior Floating-Rate Trust by 6.8% during the third quarter. Fortitude Advisory Group L.L.C. now owns 19,879 shares of the company’s stock worth $227,000 after buying an additional 1,266 shares during the period.

Eaton Vance Senior Floating-Rate Trust Stock Performance

EFR opened at $10.53 on Tuesday. Eaton Vance Senior Floating-Rate Trust has a 52 week low of $10.11 and a 52 week high of $12.21. The business has a fifty day simple moving average of $10.51 and a 200-day simple moving average of $10.93.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.067 per share. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Friday, May 15th.

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.