Cwm LLC Grows Holdings in Eaton Vance Senior Floating-Rate Trust $EFR

Cwm LLC grew its position in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) by 81,184.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,991 shares of the company’s stock after purchasing an additional 125,836 shares during the quarter. Cwm LLC’s holdings in Eaton Vance Senior Floating-Rate Trust were worth $1,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of EFR. Advisors Asset Management Inc. raised its stake in Eaton Vance Senior Floating-Rate Trust by 5.8% during the second quarter. Advisors Asset Management Inc. now owns 526,438 shares of the company’s stock valued at $6,380,000 after purchasing an additional 28,768 shares in the last quarter. Gridiron Partners LLC purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust in the 3rd quarter worth $33,000. AEGON USA Investment Management LLC bought a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the 2nd quarter worth about $179,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the 2nd quarter valued at about $248,000. Finally, Wolverine Asset Management LLC raised its position in shares of Eaton Vance Senior Floating-Rate Trust by 216.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 77,840 shares of the company’s stock valued at $943,000 after buying an additional 53,256 shares in the last quarter.

Eaton Vance Senior Floating-Rate Trust Price Performance

Shares of NYSE EFR opened at $11.06 on Monday. Eaton Vance Senior Floating-Rate Trust has a 1-year low of $10.40 and a 1-year high of $13.38. The business’s 50 day moving average is $11.16 and its two-hundred day moving average is $11.51.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a dividend of $0.077 per share. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend was Monday, December 15th.

Eaton Vance Senior Floating-Rate Trust Company 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.