Icon Advisers Inc. Co. Boosts Holdings in Eaton Vance Senior Floating-Rate Trust $EFR

Icon Advisers Inc. Co. increased its position in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) by 117.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,870 shares of the company’s stock after purchasing an additional 58,870 shares during the period. Icon Advisers Inc. Co.’s holdings in Eaton Vance Senior Floating-Rate Trust were worth $1,147,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EFR. 1607 Capital Partners LLC raised its holdings in Eaton Vance Senior Floating-Rate Trust by 331.3% in the fourth quarter. 1607 Capital Partners LLC now owns 1,432,147 shares of the company’s stock worth $15,954,000 after buying an additional 1,100,058 shares during the last quarter. Pathstone Holdings LLC purchased a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the third quarter valued at approximately $9,520,000. Invesco Ltd. grew its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 1.9% during the fourth quarter. Invesco Ltd. now owns 573,412 shares of the company’s stock valued at $6,388,000 after buying an additional 10,707 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Eaton Vance Senior Floating-Rate Trust by 19.7% during the third 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 in the last quarter. Finally, Polar Asset Management Partners Inc. increased its position in shares of Eaton Vance Senior Floating-Rate Trust by 2.2% during the third quarter. Polar Asset Management Partners Inc. now owns 433,075 shares of the company’s stock valued at $4,954,000 after acquiring an additional 9,421 shares in the last quarter.

Eaton Vance Senior Floating-Rate Trust Stock Performance

Shares of NYSE EFR opened at $10.62 on Thursday. Eaton Vance Senior Floating-Rate Trust has a twelve month low of $10.11 and a twelve month high of $12.00. The company has a 50 day moving average of $10.53 and a 200 day moving average of $10.68.

Eaton Vance Senior Floating-Rate Trust Increases Dividend

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

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.