Readystate Asset Management LP Has $590,000 Position in Eaton Vance Senior Floating-Rate Trust $EFR

Readystate Asset Management LP cut its position in shares of Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) by 59.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,934 shares of the company’s stock after selling 83,484 shares during the quarter. Readystate Asset Management LP’s holdings in Eaton Vance Senior Floating-Rate Trust were worth $590,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. 1607 Capital Partners LLC boosted its position in Eaton Vance Senior Floating-Rate Trust by 331.3% during the 4th quarter. 1607 Capital Partners LLC now owns 1,432,147 shares of the company’s stock worth $15,954,000 after acquiring an additional 1,100,058 shares during the last quarter. Pathstone Holdings LLC acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the third quarter valued at approximately $9,520,000. Invesco Ltd. raised its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 1.9% in the fourth quarter. Invesco Ltd. now owns 573,412 shares of the company’s stock valued at $6,388,000 after purchasing an additional 10,707 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Eaton Vance Senior Floating-Rate Trust by 19.7% in the third quarter. Ameriprise Financial Inc. now owns 469,630 shares of the company’s stock worth $5,369,000 after purchasing an additional 77,247 shares in the last quarter. Finally, Polar Asset Management Partners Inc. lifted its position in shares of 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 worth $4,954,000 after purchasing an additional 9,421 shares in the last quarter.

Eaton Vance Senior Floating-Rate Trust Stock Performance

Shares of EFR opened at $10.56 on Thursday. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $10.11 and a 12 month high of $11.95. The firm has a fifty day simple moving average of $10.55 and a 200 day simple moving average of $10.66.

Eaton Vance Senior Floating-Rate Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.069 per share. 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. This represents a c) annualized dividend and a yield of 7.8%.

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.