Sit Investment Associates Inc. Purchases Shares of 263,489 Eaton Vance Senior Floating-Rate Trust $EFR

Sit Investment Associates Inc. acquired a new position in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 263,489 shares of the company’s stock, valued at approximately $2,935,000.

Other large investors have also added to or reduced their stakes in the company. 1607 Capital Partners LLC bought a new position in shares of Eaton Vance Senior Floating-Rate Trust during the 3rd quarter valued at approximately $3,799,000. Wolverine Asset Management LLC increased its position in Eaton Vance Senior Floating-Rate Trust by 41.7% in the fourth quarter. Wolverine Asset Management LLC now owns 245,318 shares of the company’s stock worth $2,733,000 after purchasing an additional 72,213 shares during the last quarter. Garner Asset Management Corp increased its position in Eaton Vance Senior Floating-Rate Trust by 6.8% in the third quarter. Garner Asset Management Corp now owns 61,598 shares of the company’s stock worth $716,000 after purchasing an additional 3,926 shares during the last quarter. Closed End Fund Advisors Inc. bought a new stake in Eaton Vance Senior Floating-Rate Trust in the fourth quarter worth $163,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Eaton Vance Senior Floating-Rate Trust by 18.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 220,169 shares of the company’s stock valued at $2,453,000 after purchasing an additional 34,214 shares in the last quarter.

Eaton Vance Senior Floating-Rate Trust Trading Down 0.1%

EFR stock opened at $10.50 on Friday. Eaton Vance Senior Floating-Rate Trust has a 52 week low of $10.11 and a 52 week high of $12.21. The company has a fifty day simple moving average of $10.51 and a two-hundred day simple moving average of $10.77.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

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