Northwestern Mutual Wealth Management Co. Grows Holdings in Eaton Vance Senior Floating-Rate Trust (NYSE:EFR)

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) by 13.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,652 shares of the company’s stock after purchasing an additional 14,363 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Eaton Vance Senior Floating-Rate Trust were worth $1,578,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. J.W. Cole Advisors Inc. acquired a new position in Eaton Vance Senior Floating-Rate Trust in the 1st quarter valued at about $135,000. Edge Financial Advisors LLC purchased a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the first quarter worth approximately $138,000. Nomura Holdings Inc. acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the fourth quarter worth $190,000. Koshinski Asset Management Inc. acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the first quarter worth $217,000. Finally, Avantax Advisory Services Inc. grew its position in Eaton Vance Senior Floating-Rate Trust by 5.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 22,599 shares of the company’s stock valued at $294,000 after buying an additional 1,075 shares during the last quarter.

Eaton Vance Senior Floating-Rate Trust Stock Performance

EFR stock opened at $12.57 on Friday. Eaton Vance Senior Floating-Rate Trust has a one year low of $11.34 and a one year high of $13.40. The company has a fifty day moving average of $12.74 and a 200-day moving average of $12.99.

Eaton Vance Senior Floating-Rate Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd will be given a $0.104 dividend. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $1.25 dividend on an annualized basis and a yield of 9.93%.

About Eaton Vance Senior Floating-Rate Trust

Eaton Vance Senior Floating-Rate Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.