Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Stock Price Down 0% – Here’s Why

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) shares were down 0% during mid-day trading on Tuesday . The company traded as low as $10.52 and last traded at $10.6060. 182,884 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 133,260 shares. The stock had previously closed at $10.61.

Eaton Vance Senior Floating-Rate Trust Trading Down 0.5%

The business’s fifty day moving average is $10.61 and its 200 day moving average is $10.58.

Eaton Vance Senior Floating-Rate Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.07 per share. This is a positive change from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 8.0%.

Hedge Funds Weigh In On Eaton Vance Senior Floating-Rate Trust

Several hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in Eaton Vance Senior Floating-Rate Trust by 10.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 202,768 shares of the company’s stock worth $2,149,000 after purchasing an additional 18,813 shares in the last quarter. Almitas Capital LLC increased its position in shares of Eaton Vance Senior Floating-Rate Trust by 9.3% in the second quarter. Almitas Capital LLC now owns 54,393 shares of the company’s stock valued at $577,000 after buying an additional 4,611 shares in the last quarter. Integrated Capital Management Inc. acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust during the 2nd quarter worth $242,000. NewEdge Advisors LLC raised its position in Eaton Vance Senior Floating-Rate Trust by 15.2% during the first quarter. NewEdge Advisors LLC now owns 15,117 shares of the company’s stock worth $159,000 after acquiring an additional 1,991 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Eaton Vance Senior Floating-Rate Trust by 8.6% in the 1st quarter. Bank of America Corp DE now owns 481,794 shares of the company’s stock valued at $5,078,000 after buying an additional 38,244 shares in the last quarter.

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.