Allworth Financial LP raised its position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT – Get Rating) by 1,485.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,851 shares of the investment management company's stock after acquiring an additional 14,851 shares during the quarter. Allworth Financial LP's holdings in Eaton Vance Floating-Rate Income Trust were worth $187,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 14.9% in the first quarter. Bank of America Corp DE now owns 1,543,749 shares of the investment management company's stock valued at $20,408,000 after purchasing an additional 200,408 shares during the period. Rock Creek Group LP purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the first quarter valued at approximately $1,342,000. Shaker Financial Services LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the first quarter valued at approximately $1,680,000. Guggenheim Capital LLC boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 22.2% in the first quarter. Guggenheim Capital LLC now owns 516,263 shares of the investment management company's stock valued at $6,825,000 after purchasing an additional 93,841 shares during the period. Finally, Wolverine Asset Management LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the first quarter valued at approximately $1,075,000.
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Eaton Vance Floating-Rate Income Trust Price Performance
NYSE EFT opened at $11.24 on Monday. The firm has a 50 day simple moving average of $12.24 and a 200-day simple moving average of $12.39. Eaton Vance Floating-Rate Income Trust has a one year low of $11.22 and a one year high of $15.60.
Eaton Vance Floating-Rate Income Trust Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 23rd will be paid a $0.078 dividend. The ex-dividend date is Thursday, September 22nd. This represents a $0.94 dividend on an annualized basis and a yield of 8.33%. This is an increase from Eaton Vance Floating-Rate Income Trust's previous monthly dividend of $0.08.
Eaton Vance Floating-Rate Income Trust Company Profile
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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.
Further Reading
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