Advisors Asset Management Inc. Increases Stake in Eaton Vance Floating-Rate Income Trust $EFT

Advisors Asset Management Inc. increased its stake in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 8.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 562,942 shares of the investment management company’s stock after acquiring an additional 45,242 shares during the quarter. Advisors Asset Management Inc.’s holdings in Eaton Vance Floating-Rate Income Trust were worth $6,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MeadowBrook Investment Advisors LLC boosted its stake in Eaton Vance Floating-Rate Income Trust by 55.0% in the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 4,085 shares of the investment management company’s stock worth $51,000 after purchasing an additional 1,450 shares in the last quarter. Shaker Financial Services LLC purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth $151,000. Stephens Inc. AR purchased a new stake in Eaton Vance Floating-Rate Income Trust in the 3rd quarter worth approximately $184,000. Jane Street Group LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the second quarter valued at about $218,000. Finally, Retirement Planning Group LLC NY purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the third quarter worth $301,000.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of Eaton Vance Floating-Rate Income Trust stock opened at $11.35 on Friday. The business has a 50-day moving average price of $11.39 and a 200-day moving average price of $11.65. Eaton Vance Floating-Rate Income Trust has a twelve month low of $10.44 and a twelve month high of $13.36.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.086 per share. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is Tuesday, February 17th.

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.