Apollon Wealth Management LLC Cuts Stock Holdings in Eaton Vance Floating-Rate Income Trust $EFT

Apollon Wealth Management LLC reduced its stake in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 142,880 shares of the investment management company’s stock after selling 8,954 shares during the quarter. Apollon Wealth Management LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in Eaton Vance Floating-Rate Income Trust by 71.1% during the first quarter. LPL Financial LLC now owns 283,289 shares of the investment management company’s stock worth $3,555,000 after buying an additional 117,717 shares during the period. Cetera Investment Advisers grew its position in Eaton Vance Floating-Rate Income Trust by 67.1% during the first quarter. Cetera Investment Advisers now owns 58,421 shares of the investment management company’s stock worth $733,000 after buying an additional 23,462 shares during the period. Dynamic Advisor Solutions LLC grew its position in Eaton Vance Floating-Rate Income Trust by 7.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 16,948 shares of the investment management company’s stock worth $213,000 after buying an additional 1,135 shares during the period. Landscape Capital Management L.L.C. acquired a new position in Eaton Vance Floating-Rate Income Trust during the first quarter worth about $265,000. Finally, Ethos Financial Group LLC acquired a new position in Eaton Vance Floating-Rate Income Trust during the first quarter worth about $2,773,000.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of EFT opened at $11.77 on Tuesday. The firm’s 50-day moving average is $11.98 and its two-hundred day moving average is $12.11. Eaton Vance Floating-Rate Income Trust has a twelve month low of $10.44 and a twelve month high of $13.61.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.086 per share. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date is Wednesday, October 15th.

Eaton Vance Floating-Rate Income Trust 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.