1607 Capital Partners LLC Takes Position in Eaton Vance Floating-Rate Income Trust $EFT

1607 Capital Partners LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 73,100 shares of the investment management company’s stock, valued at approximately $860,000.

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its holdings in Eaton Vance Floating-Rate Income Trust by 8.3% in the 2nd quarter. Raymond James Financial Inc. now owns 830,163 shares of the investment management company’s stock valued at $10,360,000 after purchasing an additional 63,716 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 8.7% in the third quarter. Advisors Asset Management Inc. now owns 562,942 shares of the investment management company’s stock valued at $6,626,000 after buying an additional 45,242 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 5.0% in the third quarter. Invesco Ltd. now owns 528,774 shares of the investment management company’s stock valued at $6,224,000 after buying an additional 25,116 shares in the last quarter. Polar Asset Management Partners Inc. grew its holdings in Eaton Vance Floating-Rate Income Trust by 2.2% during the third quarter. Polar Asset Management Partners Inc. now owns 424,306 shares of the investment management company’s stock worth $4,994,000 after acquiring an additional 9,251 shares during the period. Finally, Ethos Financial Group LLC raised its position in Eaton Vance Floating-Rate Income Trust by 1.1% in the third quarter. Ethos Financial Group LLC now owns 227,057 shares of the investment management company’s stock worth $2,672,000 after acquiring an additional 2,420 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Price Performance

Eaton Vance Floating-Rate Income Trust stock opened at $10.74 on Friday. Eaton Vance Floating-Rate Income Trust has a one year low of $10.44 and a one year high of $12.81. The business has a fifty day moving average of $11.25 and a two-hundred day moving average of $11.47.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.073 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 8.2%.

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.