1607 Capital Partners LLC Purchases New Stake in Eaton Vance Senior Floating-Rate Trust $EFR

1607 Capital Partners LLC acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 332,089 shares of the company’s stock, valued at approximately $3,799,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its position in shares of Eaton Vance Senior Floating-Rate Trust by 19.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 469,630 shares of the company’s stock valued at $5,369,000 after acquiring an additional 77,247 shares during the period. Polar Asset Management Partners Inc. lifted its stake in Eaton Vance Senior Floating-Rate Trust by 2.2% in the third quarter. Polar Asset Management Partners Inc. now owns 433,075 shares of the company’s stock valued at $4,954,000 after purchasing an additional 9,421 shares during the last quarter. Virtu Financial LLC purchased a new position in Eaton Vance Senior Floating-Rate Trust in the third quarter valued at approximately $179,000. Comerica Bank grew its holdings in 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 valued at $138,000 after purchasing an additional 6,534 shares during the period. Finally, Pathstone Holdings LLC bought a new position in Eaton Vance Senior Floating-Rate Trust during the third quarter valued at $9,520,000.

Eaton Vance Senior Floating-Rate Trust Price Performance

NYSE:EFR opened at $10.47 on Friday. The business has a fifty day simple moving average of $10.99 and a two-hundred day simple moving average of $11.20. Eaton Vance Senior Floating-Rate Trust has a 1 year low of $10.31 and a 1 year high of $12.51.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) annualized dividend and a yield of 8.0%.

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.