First Trust Portfolios Reports 0% Stake in Eaton Vance Senior Income Trust
Ticker: EVF · Form: SC 13G/A · Filed: Feb 7, 2024 · CIK: 1070732
| Field | Detail |
|---|---|
| Company | Eaton Vance Senior Income Trust (EVF) |
| Form Type | SC 13G/A |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Sentiment | bearish |
Complexity: simple
Sentiment: bearish
Topics: institutional-ownership, ownership-change, fund-activity
TL;DR
**First Trust Portfolios sold out of Eaton Vance Senior Income Trust.**
AI Summary
First Trust Portfolios L.P. filed an amended Schedule 13G/A on February 7, 2024, indicating their ownership of Eaton Vance Senior Income Trust (CUSIP 27826S103) as of December 31, 2023. This filing, Amendment No. 3, shows that First Trust Portfolios L.P., along with First Trust Advisors L.P. and The Charger Corporation, holds 0 shares with sole voting power and shared voting power. This matters to investors because it clarifies the current ownership stake of a significant institutional investor, confirming they no longer hold a reportable beneficial ownership position in the company.
Why It Matters
This filing indicates that First Trust Portfolios L.P. no longer holds a significant beneficial ownership stake in Eaton Vance Senior Income Trust, which could signal a change in institutional interest or investment strategy.
Risk Assessment
Risk Level: low — This filing simply updates ownership information and does not inherently introduce new risks, but rather clarifies an existing institutional position.
Analyst Insight
Investors should investigate why First Trust Portfolios L.P. divested its stake in Eaton Vance Senior Income Trust and consider if this signals a broader negative outlook on the fund or its underlying assets.
Key Numbers
- 0 — Sole Voting Power (Number of shares First Trust Portfolios L.P. holds with sole voting power as of December 31, 2023.)
- 0 — Shared Voting Power (Number of shares First Trust Portfolios L.P. holds with shared voting power as of December 31, 2023.)
- 27826S103 — CUSIP Number (Identifier for Eaton Vance Senior Income Trust's common stock.)
Key Players & Entities
- First Trust Portfolios L.P. (company) — reporting person
- Eaton Vance Senior Income Trust (company) — issuer of securities
- First Trust Advisors L.P. (company) — related reporting person
- The Charger Corporation (company) — related reporting person
- December 31, 2023 (date) — date of event requiring filing
Forward-Looking Statements
- Other institutional investors may also reduce their holdings in Eaton Vance Senior Income Trust, following First Trust Portfolios' lead. (Eaton Vance Senior Income Trust) — medium confidence, target: Q2 2024
FAQ
Who filed this SC 13G/A amendment?
The SC 13G/A amendment was filed by First Trust Portfolios L.P., along with First Trust Advisors L.P. and The Charger Corporation, as indicated in the 'Names of Reporting Persons' section.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the securities, which are Common shares of Eaton Vance Senior Income Trust, is 27826S103, as stated on the cover page and in Item 1.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified on the cover page of the filing.
What is the sole voting power reported by First Trust Portfolios L.P.?
First Trust Portfolios L.P. reported a 'Sole Voting Power' of 0 shares, according to Item 5 on the cover page.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' checked next to 'Rule 13d-1(b)' on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 7, 2024 regarding EATON VANCE SENIOR INCOME TRUST (EVF).