AE Wealth Management LLC Invests $118,000 in Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

AE Wealth Management LLC bought a new stake in Eaton Vance Floating-Rate Income Trust (NYSE:EFT – Get Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,395 shares of the investment management company’s stock, valued at approximately $118,000.

Several other hedge funds have also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new position in Eaton Vance Floating-Rate Income Trust in the 2nd quarter valued at $51,000. Private Trust Co. NA purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust in the second quarter valued at about $80,000. SeaCrest Wealth Management LLC acquired a new position in shares of Eaton Vance Floating-Rate Income Trust during the second quarter worth about $95,000. Dynamic Advisor Solutions LLC purchased a new position in Eaton Vance Floating-Rate Income Trust during the second quarter worth about $145,000. Finally, Virtu Financial LLC acquired a new position in Eaton Vance Floating-Rate Income Trust during the 1st quarter worth approximately $145,000.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of EFT stock opened at $11.49 on Friday. The stock has a 50 day simple moving average of $11.34 and a 200-day simple moving average of $11.66. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.89 and a 12-month high of $14.84.

Eaton Vance Floating-Rate Income Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 13th. Stockholders of record on Thursday, December 29th were issued a $0.078 dividend. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.15%.

Eaton Vance Floating-Rate Income Trust 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.