Icon Advisers Inc. Co. Buys 58,870 Shares of Eaton Vance Senior Floating-Rate Trust $EFR

Icon Advisers Inc. Co. grew its stake in shares of Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) by 117.7% during the first quarter, HoldingsChannel.com reports. The fund owned 108,870 shares of the company’s stock after buying an additional 58,870 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Eaton Vance Senior Floating-Rate Trust were worth $1,147,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. 1607 Capital Partners LLC raised its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 331.3% during the fourth quarter. 1607 Capital Partners LLC now owns 1,432,147 shares of the company’s stock valued at $15,954,000 after purchasing an additional 1,100,058 shares during the last quarter. Pathstone Holdings LLC purchased a new stake in Eaton Vance Senior Floating-Rate Trust in the third quarter worth approximately $9,520,000. Invesco Ltd. boosted its holdings in 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 worth $6,388,000 after purchasing an additional 10,707 shares during the last quarter. Ameriprise Financial Inc. grew its position in Eaton Vance Senior Floating-Rate Trust by 19.7% in the 3rd 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 during the period. Finally, Polar Asset Management Partners Inc. grew its position in Eaton Vance Senior Floating-Rate Trust by 2.2% in the 3rd 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 during the period.

Eaton Vance Senior Floating-Rate Trust Trading Down 0.1%

Shares of EFR opened at $10.62 on Thursday. The firm has a fifty day simple moving average of $10.53 and a two-hundred day simple moving average of $10.68. Eaton Vance Senior Floating-Rate Trust has a 1-year low of $10.11 and a 1-year high of $12.00.

Eaton Vance Senior Floating-Rate Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.069 per share. This represents a c) dividend on an annualized basis and a yield of 7.8%. This is a boost from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.07. The ex-dividend date is Wednesday, July 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.