1607 Capital Partners LLC Acquires 1,100,058 Shares of Eaton Vance Senior Floating-Rate Trust $EFR

1607 Capital Partners LLC boosted its holdings in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) by 331.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,432,147 shares of the company’s stock after buying an additional 1,100,058 shares during the period. Eaton Vance Senior Floating-Rate Trust makes up 1.1% of 1607 Capital Partners LLC’s investment portfolio, making the stock its 20th largest position. 1607 Capital Partners LLC’s holdings in Eaton Vance Senior Floating-Rate Trust were worth $15,954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Oppenheimer & Co. Inc. lifted its position in Eaton Vance Senior Floating-Rate Trust by 8.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 38,343 shares of the company’s stock valued at $427,000 after acquiring an additional 3,141 shares in the last quarter. Verity Asset Management Inc. raised its stake in Eaton Vance Senior Floating-Rate Trust by 2.7% during the 3rd quarter. Verity Asset Management Inc. now owns 128,561 shares of the company’s stock valued at $1,471,000 after buying an additional 3,331 shares during the last quarter. Garner Asset Management Corp raised its stake in Eaton Vance Senior Floating-Rate Trust by 6.8% during the 3rd quarter. Garner Asset Management Corp now owns 61,598 shares of the company’s stock valued at $716,000 after buying an additional 3,926 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Eaton Vance Senior Floating-Rate Trust by 2.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 185,955 shares of the company’s stock valued at $2,127,000 after buying an additional 4,786 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Eaton Vance Senior Floating-Rate Trust by 14.8% during the 4th quarter. Cetera Investment Advisers now owns 37,682 shares of the company’s stock valued at $420,000 after buying an additional 4,845 shares during the last quarter.

Eaton Vance Senior Floating-Rate Trust Trading Down 0.4%

Shares of EFR opened at $10.50 on Thursday. The firm has a fifty day simple moving average of $10.51 and a two-hundred day simple moving average of $10.77. Eaton Vance Senior Floating-Rate Trust has a 1-year low of $10.11 and a 1-year high of $12.21.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.066 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

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.