Eaton Vance’s senior floating rate (EFR) drops 1.55% for October 15


Colombian-based Eaton Vance Senior Floating-Rate Trust (NYSE: EFR) fell to close at $ 15.22 on Friday after losing $ 0.24 (1.55%) on a volume of 119,053 shares. The stock ranged from a high of $ 15.44 to a low of $ 15.20, while the market cap of Eaton Vance Senior Floating-Rate now stands at $ 560,831,324.

About the Eaton Vance Senior Floating Rate Trust

Eaton Vance Senior Floating-Rate Trust is a closed-end, fixed income mutual fund. The primary investment objective of the Fund is to provide a high level of current income, as a secondary objective the Fund may seek preservation of capital. The Fund provides broad exposure to the floating rate loan market, providing diversified exposure to the asset class. Provides exposure to the many sectors, credit levels and issuers of the lending markets. Low correlation potential with traditional equity and fixed income markets, providing significant diversification benefits for investor portfolios. A low duration can help reduce interest rate risk and portfolio volatility. The fund is managed by Eaton Vance, a pioneer in variable rate loans since 1989 and one of America’s largest and most experienced loan managers.

Visit the Eaton Vance Senior Floating-Rate Trust Profile for more information.

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Emerson Electric to Merge Industrial Software Companies with Aspen Technology

Industrial software maker Emerson Electric Co (NYSE: EMR) will merge two of its businesses with smaller rival, Aspen Technology Inc (Nasdaq: AZPN), in an $ 11 billion deal.

The cash and stock transaction announced on Monday values ​​AspenTech at around $ 160 per share, a 27% premium from its October 6 close, before Bloomberg News first reported on the talks between the two. companies.


JPMorgan misses third quarter revenue, beats profit estimates with one-off items

JPMorgan Chase posted a 24% profit increase in the third quarter on Wednesday, largely thanks to one-off items that boosted its results, as the bank struggled to increase revenue with interest rates close zero.

The country’s largest bank by assets said it made a profit of $ 11.69 billion, or $ 3.74 per share, compared to profit of $ 9.44 billion, or $ 2.92 per share. share, during the same period a year earlier. The bank had two one-off items that helped boost its profits this quarter: a $ 566 million tax break and the release of $ 2.1 billion from its troubled loan books, which JPMorgan does every three months. since the US economy began to recover from the pandemic.


BlackRock beats third quarter earnings estimates, but asset growth flattens

BlackRock Inc topped third quarter earnings estimates, helped by high performance fees and strong demand for its actively managed and sustainable funds, even as market volatility kept the world’s largest fund manager from increase its assets under management.

Asset managers have benefited from the surge in global financial markets in recent quarters as investors put money to work, making the most of the post-pandemic economic reopening, driven by advances in vaccinations and a strong fiscal and monetary assistance.


About the New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange in terms of market value with over $ 26 trillion. It’s also the leader in initial public offerings, with $ 82 billion raised in 2020, including six of the seven biggest tech deals. 63% of PSPC proceeds in 2020 were raised on the NYSE, including the six biggest deals.

To get more information about Eaton Vance Senior Floating-Rate Trust and keep up with the latest company updates, you can visit the company profile page here: Eaton Vance Senior Floating-Rate Trust’s Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

The views and opinions expressed in this article are those of the authors and do not represent the views of Readers should not take the author’s statements as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please visit:

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