Private Advisor Group LLC Boosts Stake in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Private Advisor Group LLC raised its position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 17.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,528 shares of the investment management company’s stock after purchasing an additional 3,000 shares during the quarter. Private Advisor Group LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $264,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC increased its position in shares of Eaton Vance Floating-Rate Income Trust by 297.9% in the second quarter. Commonwealth Equity Services LLC now owns 51,132 shares of the investment management company’s stock worth $686,000 after acquiring an additional 38,282 shares in the last quarter. Raymond James & Associates boosted its position in Eaton Vance Floating-Rate Income Trust by 8.2% during the 3rd quarter. Raymond James & Associates now owns 471,856 shares of the investment management company’s stock worth $6,078,000 after purchasing an additional 35,926 shares during the period. Choreo LLC acquired a new stake in Eaton Vance Floating-Rate Income Trust in the 2nd quarter valued at $411,000. Advisors Asset Management Inc. raised its position in Eaton Vance Floating-Rate Income Trust by 5.8% in the first quarter. Advisors Asset Management Inc. now owns 406,148 shares of the investment management company’s stock valued at $5,406,000 after purchasing an additional 22,430 shares during the period. Finally, GraniteShares Advisors LLC lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 14.3% during the second quarter. GraniteShares Advisors LLC now owns 153,328 shares of the investment management company’s stock worth $2,058,000 after purchasing an additional 19,125 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Trading Up 0.8 %

Shares of NYSE:EFT opened at $13.23 on Friday. The business’s 50-day simple moving average is $13.00 and its 200 day simple moving average is $13.24. Eaton Vance Floating-Rate Income Trust has a one year low of $11.94 and a one year high of $13.88.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.103 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.24 annualized dividend and a dividend yield of 9.34%.

Eaton Vance Floating-Rate Income Trust 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.