Sit Investment Associates Inc. Buys New Holdings in Eaton Vance Senior Floating-Rate Trust $EFR

Sit Investment Associates Inc. purchased a new position in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 263,489 shares of the company’s stock, valued at approximately $2,935,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cetera Investment Advisers purchased a new stake in Eaton Vance Senior Floating-Rate Trust during the 2nd quarter valued at approximately $130,000. Comerica Bank lifted its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 118.8% in the third quarter. Comerica Bank now owns 12,034 shares of the company’s stock worth $138,000 after buying an additional 6,534 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust in the third quarter worth $150,000. Closed End Fund Advisors Inc. bought a new position in shares of Eaton Vance Senior Floating-Rate Trust during the fourth quarter worth $163,000. Finally, Virtu Financial LLC bought a new position in shares of Eaton Vance Senior Floating-Rate Trust during the third quarter worth $179,000.

Eaton Vance Senior Floating-Rate Trust Stock Down 0.1%

EFR opened at $10.50 on Friday. The company has a fifty day moving average of $10.51 and a 200 day moving average of $10.77. Eaton Vance Senior Floating-Rate Trust has a fifty-two week low of $10.11 and a fifty-two week high of $12.21.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.066 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, June 15th.

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.