Apollon Wealth Management LLC Reduces Position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Apollon Wealth Management LLC decreased its holdings in shares of Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,557 shares of the investment management company’s stock after selling 5,038 shares during the period. Apollon Wealth Management LLC’s holdings in Eaton Vance Floating-Rate Income Trust were worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of EFT. Raymond James & Associates lifted its position in Eaton Vance Floating-Rate Income Trust by 8.2% during the third quarter. Raymond James & Associates now owns 471,856 shares of the investment management company’s stock valued at $6,078,000 after purchasing an additional 35,926 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 15.8% in the third quarter. Advisors Asset Management Inc. now owns 420,836 shares of the investment management company’s stock worth $5,420,000 after buying an additional 57,478 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 3.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 125,374 shares of the investment management company’s stock valued at $1,615,000 after buying an additional 4,302 shares in the last quarter. Shaker Financial Services LLC bought a new position in shares of Eaton Vance Floating-Rate Income Trust during the 3rd quarter valued at approximately $705,000. Finally, Joel Isaacson & Co. LLC purchased a new stake in Eaton Vance Floating-Rate Income Trust in the 4th quarter worth approximately $528,000.

Eaton Vance Floating-Rate Income Trust Stock Performance

NYSE EFT opened at $13.25 on Tuesday. Eaton Vance Floating-Rate Income Trust has a 12 month low of $12.62 and a 12 month high of $13.88. The company’s 50 day moving average is $13.30 and its two-hundred day moving average is $13.17.

Eaton Vance Floating-Rate Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.094 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date of this dividend is Friday, February 14th.

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.