Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.74 and traded as low as $11.46. Eaton Vance Floating-Rate Income Trust shares last traded at $11.48, with a volume of 105,065 shares traded.

Eaton Vance Floating-Rate Income Trust Price Performance

The firm’s 50 day moving average price is $11.38 and its 200-day moving average price is $11.74.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.086 per share. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date was Tuesday, December 30th. This is a positive change from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.08.

Institutional Investors Weigh In On Eaton Vance Floating-Rate Income Trust

Several hedge funds have recently made changes to their positions in the stock. Comerica Bank increased its stake in Eaton Vance Floating-Rate Income Trust by 12.4% during the third quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock valued at $94,000 after acquiring an additional 883 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Eaton Vance Floating-Rate Income Trust by 0.9% during the 3rd quarter. NewEdge Advisors LLC now owns 123,667 shares of the investment management company’s stock worth $1,456,000 after purchasing an additional 1,105 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in shares of Eaton Vance Floating-Rate Income Trust by 10.3% during the third quarter. Kestra Private Wealth Services LLC now owns 13,416 shares of the investment management company’s stock valued at $158,000 after purchasing an additional 1,251 shares during the period. MeadowBrook Investment Advisors LLC raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 33.0% in the third quarter. MeadowBrook Investment Advisors LLC now owns 5,435 shares of the investment management company’s stock valued at $64,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its position in Eaton Vance Floating-Rate Income Trust by 15.9% in the third quarter. Susquehanna International Group LLP now owns 11,667 shares of the investment management company’s stock worth $137,000 after purchasing an additional 1,604 shares during the period.

About Eaton Vance Floating-Rate Income Trust

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a diversified, closed-end management investment company that seeks to provide current income with capital preservation. Originally launched in June 1988, the trust is listed on the New York Stock Exchange and offers investors access to a portfolio of floating-rate debt instruments. As a closed-end vehicle, it issues a fixed number of shares and may employ leverage to enhance income potential.

The trust’s primary investment strategy centers on senior secured floating-rate loans, often referred to as bank loans, issued by U.S.