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

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

Eaton Vance Senior Floating-Rate Trust Trading Down 0.0%

The firm’s fifty day moving average price is $10.61 and its two-hundred day moving average price is $10.58.

Eaton Vance Senior Floating-Rate Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers acquired a new stake in Eaton Vance Senior Floating-Rate Trust in the second quarter valued at approximately $130,000. Invesco Ltd. raised its position in shares of Eaton Vance Senior Floating-Rate Trust by 26.6% during the second quarter. Invesco Ltd. now owns 534,797 shares of the company’s stock worth $6,482,000 after purchasing an additional 112,523 shares during the period. Baird Financial Group Inc. acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust during the second quarter worth approximately $1,538,000. Raymond James Financial Inc. raised its position in shares of Eaton Vance Senior Floating-Rate Trust by 12.5% during the second quarter. Raymond James Financial Inc. now owns 52,793 shares of the company’s stock worth $640,000 after purchasing an additional 5,847 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 38.1% in the 2nd quarter. Osaic Holdings Inc. now owns 37,966 shares of the company’s stock worth $460,000 after purchasing an additional 10,478 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.