Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR)’s stock price crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $10.28 and traded as low as $10.22. Eaton Vance Senior Floating-Rate Trust shares last traded at $10.2440, with a volume of 137,645 shares trading hands.

Eaton Vance Senior Floating-Rate Trust Trading Down 1.1%

The company has a 50-day moving average price of $10.28 and a two-hundred day moving average price of $10.53.

Eaton Vance Senior Floating-Rate Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.0690 per share. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.0670. This represents a $0.83 annualized dividend and a yield of 8.1%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in shares of Eaton Vance Senior Floating-Rate Trust by 15.2% during the 1st 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. Almitas Capital LLC grew its position in shares of Eaton Vance Senior Floating-Rate Trust by 9.3% during the 2nd quarter. Almitas Capital LLC now owns 54,393 shares of the company’s stock worth $577,000 after buying an additional 4,611 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust during the second quarter valued at $55,000. Calamos Advisors LLC increased its stake in shares of Eaton Vance Senior Floating-Rate Trust by 13.5% during the first quarter. Calamos Advisors LLC now owns 77,027 shares of the company’s stock valued at $812,000 after buying an additional 9,170 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust during the first quarter valued at $112,000.

Eaton Vance Senior Floating-Rate Trust Company Profile

Eaton Vance Senior Floating-Rate Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol EFR. The trust seeks to provide a high level of current income while preserving capital as a secondary objective. The fund invests primarily in senior, secured, floating-rate loans and other floating-rate debt obligations issued by companies. These loans are generally below investment grade or unrated and are designed to provide income that can adjust periodically as interest rates change.