Park Avenue Securities LLC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 107,185 shares of the investment management company’s stock, valued at approximately $1,145,000.
A number of other hedge funds and other institutional investors have also modified their holdings of EFT. CoreCap Advisors LLC grew its position in shares of Eaton Vance Floating-Rate Income Trust by 100.0% in the second quarter. CoreCap Advisors LLC now owns 2,600 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 1,300 shares during the period. Sigma Planning Corp boosted its position in shares of Eaton Vance Floating-Rate Income Trust by 14.1% in the third quarter. Sigma Planning Corp now owns 11,505 shares of the investment management company’s stock worth $123,000 after acquiring an additional 1,418 shares during the last quarter. Fifth Third Bancorp purchased a new position in Eaton Vance Floating-Rate Income Trust during the first quarter worth approximately $124,000. Kestra Advisory Services LLC purchased a new position in Eaton Vance Floating-Rate Income Trust during the first quarter worth approximately $145,000. Finally, Integrated Capital Management Inc. acquired a new position in shares of Eaton Vance Floating-Rate Income Trust in the 3rd quarter valued at $201,000.
Eaton Vance Floating-Rate Income Trust Price Performance
EFT stock opened at $10.57 on Tuesday. The stock has a 50-day moving average price of $10.58 and a two-hundred day moving average price of $10.81. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.31 and a 12-month high of $11.67.
Eaton Vance Floating-Rate Income Trust Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 15th were issued a $0.07 dividend. The ex-dividend date was Thursday, October 15th. This represents a $0.84 annualized dividend and a yield of 7.9%. This is a decrease from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.0710.
About Eaton Vance Floating-Rate Income Trust
Eaton Vance Floating-Rate Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol EFT. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.
The trust invests primarily in floating-rate loans and other floating-rate debt instruments, including senior secured loans issued by companies. These investments generally have interest rates that adjust periodically, which can help reduce sensitivity to changes in prevailing interest rates compared with fixed-rate bonds.
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