Advisors Asset Management Inc. Increases Position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

Advisors Asset Management Inc. raised its position in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) by 5.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 406,148 shares of the investment management company’s stock after purchasing an additional 22,430 shares during the quarter. Advisors Asset Management Inc.’s holdings in Eaton Vance Floating-Rate Income Trust were worth $5,406,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in shares of Eaton Vance Floating-Rate Income Trust in the fourth quarter worth $31,000. Carolinas Wealth Consulting LLC grew its stake in shares of Eaton Vance Floating-Rate Income Trust by 31.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 4,856 shares of the investment management company’s stock worth $62,000 after acquiring an additional 1,149 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in shares of Eaton Vance Floating-Rate Income Trust in the fourth quarter worth $83,000. PFG Investments LLC acquired a new position in shares of Eaton Vance Floating-Rate Income Trust in the first quarter worth $209,000. Finally, Custom Index Systems LLC acquired a new position in shares of Eaton Vance Floating-Rate Income Trust in the fourth quarter worth $230,000.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of NYSE:EFT traded up $0.03 during trading on Friday, hitting $13.44. The company’s stock had a trading volume of 35,882 shares, compared to its average volume of 88,568. The business has a 50 day moving average price of $13.46 and a two-hundred day moving average price of $13.31. Eaton Vance Floating-Rate Income Trust has a fifty-two week low of $11.46 and a fifty-two week high of $13.75.

Eaton Vance Floating-Rate Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd will be paid a dividend of $0.118 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.54%.

About Eaton Vance Floating-Rate Income Trust

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.