LPL Financial LLC Buys 117,717 Shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC raised its position in Eaton Vance Floating-Rate Income Trust by 7.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 16,948 shares of the investment management company’s stock worth $213,000 after acquiring an additional 1,135 shares during the period. Choreo LLC raised its position in Eaton Vance Floating-Rate Income Trust by 3.8% in the first quarter. Choreo LLC now owns 31,142 shares of the investment management company’s stock worth $391,000 after acquiring an additional 1,142 shares during the period. Wells Fargo & Company MN raised its position in Eaton Vance Floating-Rate Income Trust by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 59,771 shares of the investment management company’s stock worth $767,000 after acquiring an additional 2,410 shares during the period. Elequin Capital LP bought a new position in Eaton Vance Floating-Rate Income Trust in the fourth quarter worth approximately $42,000. Finally, Readystate Asset Management LP raised its position in Eaton Vance Floating-Rate Income Trust by 14.6% in the first quarter. Readystate Asset Management LP now owns 26,245 shares of the investment management company’s stock worth $329,000 after acquiring an additional 3,351 shares during the period.

Eaton Vance Floating-Rate Income Trust Trading Down 0.7%

EFT opened at $12.08 on Friday. Eaton Vance Floating-Rate Income Trust has a 1-year low of $10.44 and a 1-year high of $13.61. The firm’s 50 day simple moving average is $12.34 and its two-hundred day simple moving average is $12.43.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

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

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.