Royal Bank of Canada Sells 84,213 Shares of Eaton Vance Floating-Rate Income Trust $EFT

Royal Bank of Canada lowered its stake in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFTFree Report) by 45.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 102,900 shares of the investment management company’s stock after selling 84,213 shares during the period. Royal Bank of Canada’s holdings in Eaton Vance Floating-Rate Income Trust were worth $1,104,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. raised 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 acquiring an additional 63,716 shares in the last quarter. 1607 Capital Partners LLC increased its position in shares of Eaton Vance Floating-Rate Income Trust by 994.3% during the fourth quarter. 1607 Capital Partners LLC now owns 799,921 shares of the investment management company’s stock valued at $9,031,000 after purchasing an additional 726,821 shares during the period. Invesco Ltd. raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 1.9% in the fourth quarter. Invesco Ltd. now owns 538,738 shares of the investment management company’s stock valued at $6,082,000 after purchasing an additional 9,964 shares in the last quarter. Polar Asset Management Partners Inc. raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 2.2% in the third quarter. Polar Asset Management Partners Inc. now owns 424,306 shares of the investment management company’s stock valued at $4,994,000 after purchasing an additional 9,251 shares in the last quarter. Finally, Rivernorth Capital Management LLC bought a new position in Eaton Vance Floating-Rate Income Trust in the fourth quarter worth $3,673,000.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of Eaton Vance Floating-Rate Income Trust stock opened at $10.73 on Friday. Eaton Vance Floating-Rate Income Trust has a 52-week low of $10.34 and a 52-week high of $12.17. The company’s fifty day moving average price is $10.74 and its two-hundred day moving average price is $10.84.

Eaton Vance Floating-Rate Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a $0.068 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 7.6%.

About Eaton Vance Floating-Rate Income Trust

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

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