LPL Financial LLC Increases Position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

LPL Financial LLC boosted its position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 165,572 shares of the investment management company’s stock after acquiring an additional 5,631 shares during the period. LPL Financial LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $2,124,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the fourth quarter valued at $8,328,000. Advisors Asset Management Inc. grew its holdings in Eaton Vance Floating-Rate Income Trust by 18.1% in the 4th quarter. Advisors Asset Management Inc. now owns 496,886 shares of the investment management company’s stock valued at $6,375,000 after buying an additional 76,050 shares during the period. Joel Isaacson & Co. LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the 4th quarter worth about $528,000. Morse Asset Management Inc purchased a new position in Eaton Vance Floating-Rate Income Trust during the third quarter worth approximately $341,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Eaton Vance Floating-Rate Income Trust in the fourth quarter valued at $108,000.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of EFT stock opened at $11.81 on Tuesday. The company’s fifty day simple moving average is $12.66 and its 200-day simple moving average is $13.02. Eaton Vance Floating-Rate Income Trust has a 52 week low of $10.44 and a 52 week high of $13.88.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.094 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.13 annualized dividend and a dividend yield of 9.55%.

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.