Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Share Price Passes Above 200-Day Moving Average of $12.75

Eaton Vance Floating-Rate Income Trust (NYSE:EFT)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.75 and traded as high as $13.40. Eaton Vance Floating-Rate Income Trust shares last traded at $13.39, with a volume of 68,344 shares changing hands.

Eaton Vance Floating-Rate Income Trust Trading Up 0.8 %

The stock’s fifty day moving average is $13.26 and its 200 day moving average is $12.75.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be issued a $0.118 dividend. The ex-dividend date is Monday, April 22nd. This represents a $1.42 annualized dividend and a yield of 10.58%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new position in Eaton Vance Floating-Rate Income Trust in the 4th quarter worth $31,000. Carolinas Wealth Consulting LLC grew its position in shares of Eaton Vance Floating-Rate Income Trust by 31.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 4,856 shares of the investment management company’s stock worth $62,000 after buying an additional 1,149 shares during the period. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 4th quarter worth about $83,000. Commonwealth Equity Services LLC purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth about $137,000. Finally, PFG Investments LLC purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 1st quarter worth about $209,000.

Eaton Vance Floating-Rate Income Trust Company Profile

Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans.