Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its holdings in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 71.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 283,289 shares of the investment management company’s stock after buying an additional 117,717 shares during the quarter. LPL Financial LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $3,555,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EFT. Raymond James Financial Inc. purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the 4th quarter valued at approximately $8,328,000. Guggenheim Capital LLC boosted its position in Eaton Vance Floating-Rate Income Trust by 8.1% during the 4th quarter. Guggenheim Capital LLC now owns 604,100 shares of the investment management company’s stock worth $7,751,000 after acquiring an additional 45,394 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 13.7% during the 1st quarter. Apollon Wealth Management LLC now owns 151,834 shares of the investment management company’s stock valued at $1,906,000 after buying an additional 18,277 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 7.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 121,015 shares of the investment management company’s stock valued at $1,519,000 after buying an additional 8,085 shares in the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new stake in Eaton Vance Floating-Rate Income Trust in the 1st quarter worth approximately $1,000,000.

Eaton Vance Floating-Rate Income Trust Trading Down 0.7%

Shares of EFT stock opened at $12.08 on Friday. The stock has a 50 day moving average of $12.34 and a 200-day moving average of $12.43. Eaton Vance Floating-Rate Income Trust has a 12 month low of $10.44 and a 12 month high of $13.61.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.089 dividend. The ex-dividend date is Friday, August 15th. This represents a c) annualized dividend and a yield of 8.8%.

About Eaton Vance Floating-Rate Income Trust

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.