261,756 Shares in Eaton Vance Senior Floating-Rate Trust $EFR Purchased by Saba Capital Management L.P.

Saba Capital Management L.P. bought a new position in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) during the first quarter, Holdings Channel.com reports. The fund bought 261,756 shares of the company’s stock, valued at approximately $2,759,000.

Other large investors have also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new position in Eaton Vance Senior Floating-Rate Trust in the first quarter worth approximately $112,000. Cetera Investment Advisers bought a new stake in Eaton Vance Senior Floating-Rate Trust during the 2nd quarter valued at $130,000. Fifth Third Bancorp bought a new stake in Eaton Vance Senior Floating-Rate Trust during the 1st quarter valued at $125,000. Comerica Bank raised its position in Eaton Vance Senior Floating-Rate Trust by 118.8% during the 3rd quarter. Comerica Bank now owns 12,034 shares of the company’s stock valued at $138,000 after purchasing an additional 6,534 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the 3rd quarter worth $150,000.

Eaton Vance Senior Floating-Rate Trust Price Performance

EFR opened at $10.60 on Tuesday. Eaton Vance Senior Floating-Rate Trust has a 12-month low of $10.11 and a 12-month high of $11.95. The business’s fifty day simple moving average is $10.54 and its 200-day simple moving average is $10.67.

Eaton Vance Senior Floating-Rate Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.069 dividend. This represents a c) dividend on an annualized basis and a yield of 7.8%. This is a boost from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, July 15th.

About Eaton Vance Senior Floating-Rate Trust

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.