Cetera Advisors LLC lifted its holdings in shares of Eagle Point Credit Company Inc. (NYSE:ECC – Get Rating) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,070 shares of the investment management company’s stock after acquiring an additional 1,010 shares during the quarter. Cetera Advisors LLC’s holdings in Eagle Point Credit were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in ECC. Kestra Advisory Services LLC bought a new stake in shares of Eagle Point Credit in the 1st quarter worth about $165,000. InterOcean Capital Group LLC bought a new stake in shares of Eagle Point Credit in the 1st quarter worth about $171,000. Raymond James & Associates increased its position in shares of Eagle Point Credit by 8.9% in the 4th quarter. Raymond James & Associates now owns 12,632 shares of the investment management company’s stock worth $177,000 after purchasing an additional 1,034 shares during the last quarter. Sierra Capital LLC bought a new stake in shares of Eagle Point Credit in the 1st quarter worth about $245,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Eagle Point Credit by 49.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,734 shares of the investment management company’s stock worth $273,000 after purchasing an additional 6,853 shares during the last quarter. Institutional investors and hedge funds own 19.18% of the company’s stock.
Eagle Point Credit Price Performance
ECC opened at $11.64 on Wednesday. The company has a 50-day moving average of $11.69 and a 200-day moving average of $12.54. Eagle Point Credit Company Inc. has a 1-year low of $11.00 and a 1-year high of $15.54.
Eagle Point Credit Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 30th. Investors of record on Monday, December 12th will be given a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 14.43%. The ex-dividend date is Friday, December 9th. Eagle Point Credit’s dividend payout ratio is presently -118.75%.
About Eagle Point Credit
Eagle Point Credit Company Inc is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S.
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