Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its stake in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT – Get Rating) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 176,065 shares of the investment management company’s stock after selling 10,960 shares during the period. Envestnet Asset Management Inc.’s holdings in Eaton Vance Floating-Rate Income Trust were worth $1,953,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth about $31,000. Raymond James Trust N.A. grew its holdings in shares of Eaton Vance Floating-Rate Income Trust by 13.7% during the fourth quarter. Raymond James Trust N.A. now owns 12,031 shares of the investment management company’s stock valued at $133,000 after purchasing an additional 1,451 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the 1st quarter worth approximately $145,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 6.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 16,204 shares of the investment management company’s stock worth $180,000 after purchasing an additional 1,051 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust in the first quarter valued at approximately $213,000.

Eaton Vance Floating-Rate Income Trust Trading Down 0.2 %

Shares of EFT opened at $11.17 on Friday. The firm has a 50-day moving average price of $11.43 and a 200 day moving average price of $11.52. Eaton Vance Floating-Rate Income Trust has a 52-week low of $10.89 and a 52-week high of $13.22.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 22nd will be issued a $0.111 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 11.92%. The ex-dividend date is Friday, May 19th.

Eaton Vance Floating-Rate Income Trust Company Profile

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Eaton Vance Floating-Rate Income Trust operates as a non-diversified, closed-end management investment company. Its investment objective is to provide a high level of current income. The firm’s secondary objective is to seek capital appreciation to the extent consistent with its primary goal of high current income.