Advisors Asset Management Inc. Purchases 46,830 Shares of Eaton Vance Senior Floating-Rate Trust $EFR

Advisors Asset Management Inc. grew its stake in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) by 8.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 573,268 shares of the company’s stock after buying an additional 46,830 shares during the period. Advisors Asset Management Inc.’s holdings in Eaton Vance Senior Floating-Rate Trust were worth $6,558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EFR. Gridiron Partners LLC acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the third quarter worth $33,000. Baird Financial Group Inc. acquired a new stake in Eaton Vance Senior Floating-Rate Trust in the 2nd quarter valued at $1,538,000. CWM LLC boosted its stake in shares of Eaton Vance Senior Floating-Rate Trust by 81,184.5% in the 3rd quarter. CWM LLC now owns 125,991 shares of the company’s stock valued at $1,441,000 after purchasing an additional 125,836 shares in the last quarter. Invesco Ltd. grew its stake in Eaton Vance Senior Floating-Rate Trust by 26.6% during the second quarter. Invesco Ltd. now owns 534,797 shares of the company’s stock worth $6,482,000 after buying an additional 112,523 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its position in Eaton Vance Senior Floating-Rate Trust by 122.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 173,105 shares of the company’s stock worth $1,980,000 after acquiring an additional 95,265 shares during the last quarter.

Eaton Vance Senior Floating-Rate Trust Stock Performance

EFR opened at $11.10 on Friday. The firm has a 50-day moving average price of $11.16 and a two-hundred day moving average price of $11.35. Eaton Vance Senior Floating-Rate Trust has a 1-year low of $10.40 and a 1-year high of $13.15.

Eaton Vance Senior Floating-Rate Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.077 per share. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

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.