Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Eaton Vance Floating-Rate Income Trust (NYSE:EFT)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.22 and traded as low as $12.98. Eaton Vance Floating-Rate Income Trust shares last traded at $13.14, with a volume of 111,437 shares changing hands.

Eaton Vance Floating-Rate Income Trust Price Performance

The stock’s 50-day simple moving average is $13.29 and its two-hundred day simple moving average is $13.22.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th will be paid a $0.103 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.24 dividend on an annualized basis and a yield of 9.63%.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFT. MeadowBrook Investment Advisors LLC lifted its stake in Eaton Vance Floating-Rate Income Trust by 18.0% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 5,250 shares of the investment management company’s stock worth $68,000 after purchasing an additional 800 shares in the last quarter. NBC Securities Inc. increased its holdings in shares of Eaton Vance Floating-Rate Income Trust by 106.8% in the third quarter. NBC Securities Inc. now owns 4,550 shares of the investment management company’s stock worth $58,000 after purchasing an additional 2,350 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Eaton Vance Floating-Rate Income Trust in the second quarter worth about $40,000. Private Advisor Group LLC boosted its stake in Eaton Vance Floating-Rate Income Trust by 17.1% during the third quarter. Private Advisor Group LLC now owns 20,528 shares of the investment management company’s stock valued at $264,000 after buying an additional 3,000 shares during the last quarter. Finally, Garner Asset Management Corp grew its holdings in Eaton Vance Floating-Rate Income Trust by 4.6% during the 2nd quarter. Garner Asset Management Corp now owns 70,585 shares of the investment management company’s stock valued at $947,000 after buying an additional 3,105 shares in the last quarter.

Eaton Vance Floating-Rate Income Trust Company 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.